Japan’s stock market closed higher on Thursday, driven by gains in the Communication, Pharmaceutical, and Power sectors. The Nikkei 225 index increased by 0.74% at the close in Tokyo.
Among the top performers, Kawasaki Kisen Kaisha, Ltd. (TYO:9107) saw a significant rise of 4.40%, closing at 2,469.00 points. Credit Saison Co., Ltd. (TYO:8253) followed closely with a 4.34% gain, ending at 3,367.00 points. Mitsubishi Logistics Corp. (TYO:9301) also performed well, with its stock price climbing 4.21% to finish at 5,417.00 points. Notably, Mitsubishi Logistics Corp. reached an all-time high with this increase.
The Nikkei Volatility index, which gauges the implied volatility of Nikkei 225 options, rose by 3.62%, reaching 17.77.
In the commodities market, crude oil for July delivery increased by 0.47%, trading at $74.42 per barrel. Brent oil for August delivery went up by 0.37% to $78.70 per barrel. Meanwhile, the August Gold Futures contract saw a 0.35% rise, trading at $2,383.70 per troy ounce.
On the currency front, the USD/JPY pair experienced a slight increase of 0.03%, reaching 156.14. The EUR/JPY pair also rose by 0.09%, trading at 169.85.
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.
