In today’s briefing:
- High Cost of TOPIX, Which Currently Contains Illiquid Stocks, Is Considered to Be Borne by Users
High Cost of TOPIX, Which Currently Contains Illiquid Stocks, Is Considered to Be Borne by Users
- It’s unclear whether the stocks that lost ％ TOPIX had been overpriced or whether selling pressure caused temporary underperformance. However, it’s clear these illiquid stocks are unsuitable for institutional investors.
- While users want TOPIX liquidity to increase, TSE insists on aligning its criteria for TOPIX stock selection with prime market listing criteria, which takes precedence over the interests of users.
- Rather than asking these companies to take on daunting task of dramatically raising both profit margins and growth, TSE should bring TOPIX criteria to threshold that institutional investors invest in.
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