Japan stock market sees gains led by pharmaceutical sector

Japan’s stock market experienced a positive session on Tuesday, with notable increases in the pharmaceutical, steel, and fishery sectors pushing shares higher. By the close of trading in Tokyo, the Nikkei 225 had risen by 0.93%.

Among the top performers on the Nikkei 225, LY Corp (TYO:4689) saw a significant rise of 7.76%, gaining 28.30 points to close at 392.90. TDK Corp (TYO:6762) also performed well, adding 6.32% or 560.00 points, finishing at 9,423.00. DOWA Holdings Co., Ltd. (TYO:5714) ended the session with a 5.80% increase, up 313.00 points to 5,711.00.

Conversely, some stocks did not fare as well. Mercari Inc (TYO:4385) fell by 3.18%, losing 66.50 points to close at 2,027.50. Takeda Pharmaceutical Co., Ltd. (TYO:4502) saw a decline of 2.95%, dropping 123.00 points to end at 4,044.00. Isetan Mitsukoshi Holdings Ltd. (TYO:3099) decreased by 2.58%, down 81.00 points to 3,057.00.

Overall, the Tokyo Stock Exchange saw more rising stocks than falling ones, with 2,360 advancing against 1,232 that declined, and 256 remaining unchanged. Notably, TDK Corp (TYO:6762) reached an all-time high, climbing by 6.32% or 560.00 points to close at 9,423.00.

The Nikkei Volatility Index, which gauges the implied volatility of Nikkei 225 options, rose by 12.65% to reach 18.35, marking a new one-month high. In the commodities market, crude oil for August delivery saw a slight decrease of 0.16%, falling by $0.13 to $79.59 a barrel. Brent oil for August delivery similarly dropped by 0.15%, decreasing by $0.13 to settle at $84.12 a barrel. However, the August Gold Futures contract experienced a modest increase, rising by 0.28% or $6.50 to trade at $2,335.50 per troy ounce.

Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors. 

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