Courtesy of the Tokyo Stock Exchange Monday Report, the following is a recap of last week's market activity on the Tokyo Stock Exchange, Oct. 31 - Nov. 4. Also be sure to click here to quickly read-up on what happened in Tokyo on Friday and for stock exchange and currency data covering last week.
The market began the week with a rally as buying confidence strengthened among investors, who gave a favorable reaction to the broad increase seen in the New York stock market at the end of the previous week. The market advanced further towards the middle and end of the week as well, as favorable mid-term results, a continued weak yen/strong dollar exchange rate, and signs of a full-fledged recovery in business activity and performance results contributed to brisk activity as investors sought stocks particularly in high-tech and domestic-demand such as banks and iron and steel.
• TOPIX advanced 75.15 points (5.29%) from the previous week to close at 1,494.99.
• Daily average trading volume rose 459 million shares to 2.964 billion shares.
• Daily average trading value rose 680.4 billion JPY from the previous week to 2.8701 trillion JPY.