In today’s briefing:
- Updated TOPIX Big April Basket Flows; More Big Flows and ¥270bn a Side
- EQD | Nikkei 225 What’s Up Next: Up or Down?
- Nitto Kogyo Corporation (6651 Jp) – Long-Term Growth Story Is to Expand Business Domain
Updated TOPIX Big April Basket Flows; More Big Flows and ¥270bn a Side
- Several days ago I published a piece showing the data for TOPIX flows for April month-end.
- This is an update reflecting new data companies have reported to regulators, one large correction to a data provider’s data, and one Very Large Flow.
- I believe that the revised data is more accurate. And there is more flow. With a spreadsheet attached.
EQD | Nikkei 225 What’s Up Next: Up or Down?
- The Nikkei 225 Index last week bounced back, after a 2-weeks down pullback.
- The index is at a fork in our view: it could go higher from here, but we would like to see a sustained, multi-week rally to be convinced.
- If doubt about this potential rally continuation is strong, target the 40500-40800 price area to place SHORT trades against the index.
Nitto Kogyo Corporation (6651 Jp) – Long-Term Growth Story Is to Expand Business Domain
- Nitto Kogyo Corporation (Nitto Kogyo) is a leading manufacturer of distribution boards and panel boards for electrical and telecommunications infrastructure, as well as enclosures that house telecommunications and precision equipment.
- The company has 45 sales offices and nine factories in Japan, including the new Seto Plant, which will begin operating in spring, 2024, and is working to expand its business in ASEAN countries, with overseas production and sales bases in China, Thailand, and Singapore.
- In the renewable energy field, the company is focusing on EMS-related businesses such as solar power generation systems, EV recharging stations, and self-contained industrial solar power storage battery systems.
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