The Tokyo Stock Exchange was closed Monday in observation of Marine Day, also known as Ocean or Beach Day.
Trading volume remained light last week with the exception of a jump Friday from options expiration related activity. The Bank of Japan paused again at 0.5% on Thursday.
The five best performing ADRs last week:
- 1. Mitsui & Co. (OTC:MITSY) 11.1% (Leads all NYSE/Nasdaq-traded Japan ADRs ytd +53%)
2. Kubota (KUB) 7.5%
3. Konami (KNM) 5.4%
4. IIJ (IIJI) 4.2%
5. Millea Hldgs (MLEA) 4.2% (See Millea Holdings Says Sayonara to 40+ Year ADR Listing)
The five worst performing ADRs:
- 1. Nomura Hldgs (NMR) -6.5% (See Deutsche Bank Cuts Nomura's Share Target on Expected Subprime Losses)
2. NIS Grp. (NIS) -4.4%
3. ORIX (IX) -3.5%
4. TDK (TDK) -1.7%
5. FUJIFILM Hldgs (FUJI) -1.7%
See the chart below for weekly and year-to-date returns.
Click to enlarge chart
Disclosure: The author owns shares of NIS Group and IIJ and also owns IIJ call options.