The December stock market fell back on the last day of the month, but edged higher on the back of the Bank of Japan’s decision to hold off on additional interest rate hike.
The CG Top 20 stock market rose in December, but underperformed both the TOPIX and JPX400 indices.
After starting the month of December with a rise on the back of strong U.S. equity prices, the stock market began to sell off in mid-December on the back of U.S. equity weakness on expectations that the Fed would slow the pace of interest rate cuts in the U.S. next year. However, this time, the BOJ decided not to raise interest rates additionally and the yen weakened, which led to a widespread buyback.
The TOPIX and JPX400 indexes gained 3.87% and 3.34%, respectively, in December, while the CG Top 20 underperformed both indexes for the second consecutive month, up 2.40%, but with lower volatility.
The composites of CG Top 20 stocks has been replaced as of July 1.
The CG Top 20 has been revised as of July 1. EBARA CORPORATION (6361), TechnoPro Holdings (6028), ENEOS Holdings (5020), INNOTEC (9880), United Arrows (7606), and Persol Holdings (2181) were newly added to the list, while H.U. Group Holdings (2146), Kao Corporation (4452), Kao (4452), Wacom (6727), K’s Holdings Eisai (8282), and Trend Micro (4704) were removed. (2146), Kao (4452), Wacom (6727), K’s Holdings (8282) Eisai (4523), and Trend Micro (4704) were removed. Details of the component stocks are shown in the table below.
Please see detail in the following link.
http://www.metrical.co.jp/
Please feel free to contact the below email address if any interest or query.
Aki Matsumoto, CFA
Executive Director
Metrical Inc.
akimatsumoto@metrical.co.jp
http://www.metrical.co.jp/jp-home/