Nikkei slides 307 points; Tokyo Metro jumps 44.9% on IPO debut - Wed 23 Oct 2024

Nikkei225 Summary
Wed 23 Oct 2024 - Japan’s Nikkei continues to slide lower for the third day on election jitters, with tech counters leading losses.

In stark contrast to the broad market, Tokyo Metro's $2.3 bil IPO, priced at 1,200 yen per share, jumps 44.9% on its market debut today to close at 1,739 yen. This is Japan's largest IPO in 6 years since telco Softbank Corp's $23.5 bil IPO in 2018. Softbank Corp is the telco unit of the Softbank Group.

  • Nikkei225  38,104.86 (-307.10 -0.80%) 54 up 170 down 1 flat
  • Topix  2,636.96 (-14.51 -0.55%)
  • REIT   1,695.14 (+8.48 +0.50%)
  • JGB 10YR  0.979% (-0.0010)
  • USD/JPY  152.57 (+1.49 +0.98%)
  • Crude Oil  70.83 (-0.91 -1.27%)    

Top Performers

  • Konica Minolta Inc.     ¥533.30 (+53.80 +11.22%) - printing products
  • Tokyo Tatemono Co. Ltd.     ¥2,463.00 (+141.50 +6.10%) - property
  • Toyota Motor Corp.     ¥2,620.50 (+75.50 +2.97%) - automotive


Bottom Performers

  • Recruit Holdings Co. Ltd.     ¥9,170.00 (-476.00 -4.93%) - HR portals & solutions
  • Mercari Inc.     ¥2,166.00 (-111.00 -4.87%) - online retail
  • Disco Corp.     ¥37,680.00 (-1,640.00 -4.17%) - semicon


 

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