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Nikkei average 22,000 yen! Active in the bull market!? Explore a good performance and a good supply and demand issues!

Nikkei average 22,000 yen! Active in the bull market!? Explore a good performance and a good supply and demand issues!

31 October 2017 | 2:19 am

Upward trend of the Tokyo stock market has followed. The Nikkei Stock Average will be 10/24 until 16 business days continuous high from 10/2 , past the longest more than the previous 14 business days continuous high establishment of Rento record. The 10/27 , has recovered the 22,000 yen at the closing level for the first time since 1996/7/5 . Although the central banks of Europe and the United States have developed an exit strategy from monetary easing, the pace is slow, worldwide investors’ risk tolerance is seen to have remained at a high level. In addition, the world economy is growing steadily, is seen as also calm movements of the exchange market. Against this backdrop, in addition to that in Japan, which continues to be historic monetary easing, has been expanded corporate performance, funds in the stock market has become a runny investment environment. Nikkei at the expected PER is 15.2 times the average share price , but has been higher than the average of the past two years , the highest value of the same period up to is still there is a distance, upside room also is the size seems likely to remain. Therefore, in this time of “Japanese stocks investment strategy”, good performance can be expected, we tried to extract by screening the stocks that supply and demand can also be seen as good. The extracted stocks, and can expect a good performance in the Tokyo stock market to continue the upward trend, “Japanese stocks investment strategy,” We believe. Active in the bull market!? Explore a good performance and a good supply and demand issues! So immediately, the future investor interest is strengthened likely “good performance and a good supply and demand issues”, carried out the screening, we would like to attempt to extract. Screening conditions are as follows. it is a market capitalization of 1,000 billion yen or more of listed stocks two or more of the analysts is a brand that has published the results expected for the expected operating profit of the current fiscal year, the market consensus is company it is a brand that you are better than expected the current fiscal year expected net income that is a surplus expected the current fiscal year expected EPS has increased in the past four weeks the most recent credit magnification that has not been the subject of such that traded attention and credit regulation is less than 1 times the Side by side above all meet the stocks in descending order of “sell excess number of shares ratio” , which was extracted the top 10 stocks will be Table 1. In addition, because the current is the midst of earnings season 10/27 of the earnings announcement scheduled for company was the exception. By the way, here is a “sell excess number of shares ratio”, shows the whether the accounts for what percentage of “credit selling balance” from the “credit buying balance” the number is the number of shares outstanding minus . In order to fit in the table, because it is convenience using representation, not a general representation. In addition, we are trying to avoid the risk conditions that put, the stocks share price falls by the earnings evil is extracted to . Currently, in the midst of earnings season, and consideration for performance is required, “Japanese stocks investment strategy,” We believe. Margin trading and stock supply and demand The “credit transactions”, trading as investors pledged Margin in the securities company, carried out with the help of money or stock. “Buy” in the credit transaction, by buying shares to borrow money, “sell” in the credit transaction as opposed to means that you sell a stock with the help of share certificates. If the rise in stock prices in the former, if the decline stock prices in the latter will be the interests of investors. In the “buy” in credit transactions, eventually selling the stock, profit and loss by to repay the money it will be confirmed. Repurchased shares to the final in the “sell” in the credit transaction in reverse, profit and loss by to repay the share certificates will be confirmed. The “credit buying balance” in a certain brand, but bought the brand in credit transactions, shows a still whether there how much is the number of shares that have not been repaid, the “credit sell balance” is selling its stocks in credit transactions and although, it shows yet whether there how much is the number of shares that have not been repaid. That is to say, a “credit buying balance” there are many stocks, sell future stock, is that there are many investors that need to repay the money. By “credit sell balance” there are many stocks, on the other hand, it means that there are many investors who need to buy future shares, to repay the share certificates. For this reason, “credit buying balance” there are many stocks is poor supply and demand, “credit sell balance” there are many stocks you can be considered a supply and demand is good. Daito Trust Construction of Table 1 case of , for 4 million shares “credit buying balance”, “credit sell balance” is because it is 580,000 shares, is calculated the latter 54 million shares many. The company’s outstanding shares is 7,687 million shares, the ratio of it is a translation to be 0.705%. In addition, it is calculated to be 0.68 times and divided by “credit sell balance” 580,000 shares of 4 million shares of “credit buying Balance” . ※ In the process of stock prices to rise, more and more “buy” that uses a credit transaction, it may increase the “credit buying balance”. For this reason, the fact that the “credit buying balance” there are many, can be thought of as representing the strong investors’ future price rising sense “. Similarly, in the process of stock prices to fall, “sell” increases with the credit transaction, it may increase the “credit sell the balance”. For this reason ,, that “credit sell balance” there are many, can be thought of as representing that the strong investor “Sakiyasu feeling”. “Credit buying balance” there are many stocks supply and demand is poor, be considered a “credit sell balance” there are many stocks supply and demand is good, please understand that it is merely one way of thinking. ※ individual stocks and the information to introduce in this page is not intended to recommend the solicitation and of individual stocks buying and selling of investment. Hideyuki Suzuki SBI Securities Investment Research Department [Than Articles SBI Securities] – The Nikkei Stock Average of 56 years “14 Rento”! 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