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Title: Japan stocks lower at close of trade; Nikkei 225 down 0.26%



May 25, 2022 03:35AM ET


By: AnalysisWatch


Japanese shares dropped in after-hours trading Wednesday, with stocks in the shipbuilding, chemicals, oil, plastics, and transportation sectors all declining.


At the close of Tokyo trading, the Nikkei 225 index fell 0.26 percent.


The best performer on the Nikkei 225 Index was Mitsubishi Estate Co Ltd, which rose 5.08 percent, or 94.50 points, to close trading at 1,955.50 points. Meanwhile, Mitsui Fudosan Co., Ltd. rose 3.40% or 91.50 points to 2,780.50 points and Daiichi Sankyo Co., Ltd. rose 3.12% or 105.00 points to end trading at 3,475.00 points.


Unitika, Ltd was the worst performer during the session, falling 7.98% or 19.00 points to close at 219.00 points. Dentsu Inc. fell 6.39% or 285.00 points to close at 4,175.00 points and Oki Electric Industry Co., Ltd. fell 5.77% or 44.00 points to close at 718.00 points.


On the Tokyo Stock Exchange, there were more falling stocks than rising stocks, with a ratio of 2,134 to 1,365, and 287 stocks closed unchanged.


At the end of the year, shares of Mitsubishi Estate Co. Ltd. reached their highest level in 52 weeks, gaining 5.08%, or 94.50 points, to 1,955.50 points. Shares of UNITICA Ltd. fell to a 52-week low with a loss of 7.98%, or 19.00 points, to 219.00 points. Shares of Daiichi Sankyo Co, Ltd. rose to a 52-week high with a gain of 3.12 percent, or 105.00 points, to 3,475.00 points. Oki Electric Industry Co., Ltd.'s stock dropped to a five-year low, losing 5.77 percent, or 44.00 points, to 718.00 points.


The Nikkei Volatility Index, which measures the implied volatility of options on the Nikkei 225 Index, rose 0.93% to 23.90 points.


The USD/JPY currency pair rose 0.30% to 127.18 points, while the EUR/JPY currency pair fell 0.13% to 135.93 points.



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