TOKYO, Mar 30 (News On Japan) –
On the ultimate buying and selling day of the fiscal yr, the Nikkei Stock Average closed at 40,369 yen, up 201 yen from the day past.
Over the previous yr, ranging from April final yr, the typical has soared by 44%, a rise of roughly 12,300 yen, marking the biggest annual achieve on document.
As we enter the 2024 fiscal yr subsequent week, specialists weigh in on what the long run holds for stock costs.
Shingo Ide from Nissei Basic Research Institute feedback, “With the start of April, we tend to see foreign investors buying more Japanese stocks. However, at the beginning of the new fiscal year, financial institutions often engage in profit-taking sales. With buying and selling forces intersecting, I expect the market to fluctuate around the 40,000 yen mark, making some advances and retreats.”
Source: ANN