EQUITYOPPORTUNITY

Friday, March 15, 2024

List of Japanese paper gainers expands again, equaling the peak on Thaipusam (25 Jan)!

 A few weeks after the disappointment of Alps Alpine falling clear OUT of the winners' circle & newly acquired Panasonic unable to sustain momentum after a blowout quarter & a week after long losing Tobishima blew past its own breakeven point dating back to early '23 only to fall back into a paper loss, this week witnessed fresh, NEW members entering the Gainer's list:


Despite falling back 4.27% today, Ono Sokki is up 21% on the poor entry in July & one of the newest to go into the black. Ogura Clutch fell out last week & re-entered this week, 4% higher than last year's entry. Aida Engineering is the very latest to turn black from red after announcing an increase in its share buyback limit, rising 5.43% today & stands 11% above 2022's entry price, jointly with recent purchase Kuroda Precision, firming 3.75% today & standing 9.6% above the ¥1,287 entry. Mochida Pharma re-entered the black after falling in & out of it several times 5 weeks after entry. Long-suffering aspiring two-timer Fujisash broke into the black yesterday but dropped back 4% today, still ¥3 above its minimum breakeven point.


The other longer standing members who maintain their gains are Nomura,  Katsuragawa, Nichiwa Sangyo, Fujix, Seikoh Giken & Tomita Electric: the last two widening their gains in March, now standing at +27.8% & +31.8% respectively.


The Gainers' List(15/3/24):

1. Nomura

2. Tomita E

3. Katsuragawa

4. Seikoh Giken

5. Fujix

6. Nichiwa S

7. Ogura Clutch

8. Aida Eng

9. Kuroda P

10. Fujisash 

11.Mochida Pharma

12. Ono Sokki






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