Market shows positive sentiment with upgraded stocks and top performers Komatsu and IJTT
SHIMAMURA Co., Ltd., The Ogaki Kyoritsu Bank Ltd., Tokyu Construction Co., Ltd., Tsugami Corp., and Art Vivant Co., Ltd. These stocks have all been upgraded to a bullish to mildly bullish technical call, indicating a positive outlook for their performance in the market.
However, the market today is being driven by two major players - Komatsu Wall Industry Co., Ltd. and IJTT Co., Ltd. While Komatsu Wall Industry Co., Ltd. has been the best performer with a return of 22.47%, IJTT Co., Ltd. has been the worst performer with a return of -100.00%. This stark contrast in performance highlights the volatility and unpredictability of the market.
Looking at the advance decline ratio of stocks in this large cap segment, it is evident that the market is currently favoring advancing stocks. With 1264 stocks advancing and only 879 declining, the ratio stands at 1.44x. This indicates a positive sentiment among investors and a potential for further growth in the market.
Investors should keep a close eye on the technical calls of the recently upgraded stocks, as well as the performance of Komatsu Wall Industry Co., Ltd. and IJTT Co., Ltd. These two companies may continue to drive the market in the coming days, but with the positive outlook for the upgraded stocks, there is potential for a more balanced and stable market. As always, it is important for investors to carefully research and analyze market trends before making any investment decisions.