Midcap Segment Shows Mixed Sentiments, Top Performers Include Japan Oil Transportation and Shin-Nihon Tatemono
The market today is being driven by a mix of bullish and bearish sentiments, with a slight tilt towards the bullish side. According to the advance decline ratio, out of the 10 stocks in the midcap segment, 3 are advancing while 7 are declining, resulting in a ratio of 0.43x.
Among the top performers in this segment is Japan Oil Transportation Co., Ltd., which is showing a bullish to mildly bullish trend. This could be attributed to the recent rise in oil prices, which has positively impacted the company's business. Similarly, Toyo Logistics Co., Ltd. is also showing a sideways to mildly bullish trend, indicating a stable market sentiment towards the stock.
On the other hand, Yuken Kogyo Co. Ltd. is experiencing a mildly bearish to mildly bullish trend, possibly due to some fluctuations in the market. However, Original Engineering Consultants Co., Ltd. and Odawara Engineering Co., Ltd. are both showing a mildly bullish to bullish trend, indicating a positive outlook for these stocks.
In terms of overall performance, Shin-Nihon Tatemono Co., Ltd. has been the best performer in this midcap segment, with a return of 1.68%. On the other hand, MELDIA Development & Construction Co., Ltd. has been the worst performer, with a return of -100.00%.
Overall, the midcap segment has been a strong performer in the market today, with a mix of bullish and bearish trends. Investors should keep a close eye on these stocks and their technical calls to make informed decisions.