1. Nikkei May Add Ryohin Keikaku, Cut Nippon Paper, Analysts Say.
- Author
-
Hasegawa, Toshiro
- Subjects
STOCK price indexes ,QUANTITATIVE analysts ,ECONOMIC demand ,STOCKS (Finance) ,PAPER industry - Abstract
The index compiler of Japan's Nikkei 225 Stock Average is expected to announce its periodic review soon, with analysts predicting that the blue-chip gauge will add Ryohin Keikaku Co. and remove Nippon Paper Industries Co. This is because the Nikkei lacks consumer names and Nippon Paper has low liquidity. The reshuffle and weighting changes may create about ¥100 billion ($683 million) in overall buying demand. Analysts also expect Nomura Research Institute Ltd. and Pan Pacific International Holdings Corp. to join the gauge, while DIC Corp. and Mitsubishi Logistics Corp. may be dropped. The results of this review will be important for future changes to the index. [Extracted from the article]
- Published
- 2024