Nikkei 225 for Thursday , October 24, 2024

Prime Market trading value: 3.7099 trillion yen
Prime Market trading volume: 1.715 billion shares

Although the Nikkei 225 closed higher compared to the previous day, the TOPIX ended in the negative. There’s no real strength in the market.

However, looking at the weekly TOPIX chart, it seems to be rebounding off the 52-week moving average. With just two weeks and a day left until the November SQ, if the futures market shows a significant rebound during Friday's night session, the November SQ could potentially target the 40,000 yen level. One source of uncertainty will also disappear once the election concludes.

That said, for now, it's better to focus on strong individual stocks rather than trading the Nikkei 225.

By the way, there are signs that Toyota Motor Corporation (7203) has hit bottom.
If Toyota starts to rise, it is likely that funds will begin to flow into the broader Japanese stock market.

【Toyota Motor Corporation】↓