Solid News

NI 225 Financial Statements Disappointed Investors

11/21/2022 1:03 PM

The leading Japanese stock index NI 225 continues to correct, trading near the level of 27900.0.

The day before, the financial report for the third quarter was published by the insurance holding Tokio Marine Holdings Inc. The company recorded revenue of 1.778 trillion yen, worse than the forecast of 1.779 trillion yen, but the main disappointment for investors was a loss per share of 18.66 yen against an expected profit of 26.08 yen. In turn, MS&AD Insurance Group Holdings Inc. reported income of 1.508 trillion yen, which beat the forecast at 1.337 trillion yen, and a loss per share of 172.32 yen, which is significantly lower than the projected profit of 77.08 yen and is a repeat of the company's worst quarter in 2020.

In addition, macroeconomic statistics also had a negative impact on the dynamics of the NI 225 index. Japan's Consumer Price Index rose 3.7% from the same period a year earlier, the highest increase in inflation since 1991, according to an October report.

The growth leaders in the index are Sapporo Holdings Ltd. (+2.92%), Teijin Ltd. (+2.78%), Resona Holdings Inc. (+2.31%), Mitsubishi Corp. (+2.23%).

Among the leaders of the decline are Sompo Holdings Inc. (-8.12%), Tokai Carbon Co. Ltd. (-5.38%), Showa Denko K.K. (-2.76%).

On the daily chart of the asset, the price remains within the local ascending corridor, heading towards the resistance line.

Technical indicators maintain a fairly strong buy signal: the histogram of the AO oscillator is forming new multidirectional bars and the fast EMAs on the Alligator indicator are moving away from the signal line.

Support levels: 27500.0, 26800.0. | Resistance levels: 28200.0, 29100.0.

Find Us
Registered Address : Bonovo Road – Fomboni Island of Mohéli – Comoros Union
Sofia, PO Box 1407,14 Flip Kutev Str. Floor 2, Industrial area Hladilnika, Bulgaria
Call Us
+35 924 928 392

Risk Warnings
Solid ECN Securities LLC offers trading on Foreign Exchange (‘Forex’ or ‘FX’) and Contracts for Difference (‘CFDs’), which are complex financial products that are traded on margin. They carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, these products may not be suitable for all investors, as loss of all invested capital may occur. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and consider your investment objectives and level of experience. Seek independent advice, if necessary.
Solid ECN Securities LLC does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. Solid ECN Securities LLC is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
By using you agree to use our cookies to enhance your experience.
Solid ECN Securities LLC is authorized and regulated by the Comoros Union with reference number HY00623411.
Disclaimer 1: The information provided on this site is not intended for residents of any country or jurisdiction where its distribution or use would violate local laws or regulations.
Disclaimer 2: Solid ECN Securities LLC and it affiliates does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba.
Copyright All Right Reserved 2024