October stock prices rose toward the end of the month against the backdrop of a weak yen and strong U.S. stock market after the general election, after a decline due to concerns about the ruling party’s expected difficulties.
The CG Top 20 stock market outperformed both TOPIX and JPX400 for the sixth consecutive month in October.
October stock market began the month with a buy-back lead by higher U.S. stock market after a sharp decline at the end of the previous month. Thereafter, investors became more risk averse due to the view that the Liberal Democratic Party (LDP) would struggle in the general election. After the general election, the market rebounded and closed higher on the back of a relaxed sentiment, a weaker yen, and higher U.S. stock prices.
The TOPIX and JPX400 indexes gained 1.95% and 1.71%, respectively, in October, while the CG Top 20 index continued to outperform both indices with a 2.03% gain.
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/