Ono Sokki Co Ltd (6858) Increases 0.14% on Nov 15

November 15, 2017 - By reb123z

Shares of Ono Sokki Co Ltd (TYO:6858) last traded at 737, representing a move of 0.14%, or 1 per share, on volume of 6,000 shares. After opening the trading day at 736, shares of Ono Sokki Co Ltd traded in a close range. Ono Sokki Co Ltd currently has a total float of 11.39M shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 700 and high of 910.

TSE: Building The Future Of Japan

The Tokyo Stock Exchange (TSE) is a meaningful representation of the Japanese economy. Just like in any other nation, the equity market is an important indicator of present and future sentiments.

TSE

Having been established in 1878, the TSE is among the first stock exchanges in Asia. Needless to point out, it was already there during the World War II (WWII). Unable to withstand the repercussions of the WWII, the TSE had closed in 1945. Four years later, it had a major comeback under a new Securities Exchange Act. Japan had never looked back since then.

Nikkei Stock Average

The Nikkei 225 or Nikkei Stock Average measures the 225 blue-chip stocks on the TSE based on share price and not based on market capitalization. It was officially established on September 7, 1950 as part of the rebuilding efforts after the war.

The Nikkei Stock Average is reviewed every September of every year. Every October, the changes made take effect.

It can be compared to the Dow Jones Industrial Average (DJIA), being the widely quoted index in Japan. Because the Nikkei Stock Average is composed of 225 most actively traded stocks, it is a strong indicator of both the Japanese and Asian economies.

Japanese Equity Market Through the Years

Ono Sokki Co Ltd is a stock traded on the Japan stock exchange. In 1986, the Nikkei 225 Futures was launched on the Singapore Exchange (SGX). Two years later, it was launched on the Osaka Securities Exchange (OSE). In 1990, it was launched on the Chicago Mercantile Exchange (CME).

In the 1980s, the TSE had its longest bull period after the yen had appreciated roughly 50% with the help of monetary stimuli from the Bank of Japan (BOJ). The TSE had then represented about 60% of overall global market valuation. The Nikkei Stock Average had finished the decade strong, hitting 38,957.44 on December 29, 1989.

The TSE also had its worst days. In October 2008, the Nikkei Stock Average had fallen below the 7,000 mark, down by 80% from its record peak. Its all-time low of 85.25, on the other hand, was last seen in July 1950.

When an earthquake massively hit Japan in March 2011, the economy was also shattered. Two sessions after the earthquake, the Nikkei Stock Average had lost 10% after nearly reaching the 10,000 mark. It had fallen to a nearly-two-year low on November 25, 2011, closing at 8,160.01. The Nikkei Stock Average had seen its lowest year-end close in almost 30 years that time, concluding 2011 at 8,455.35. Its lowest year-end close was seen at 8,016.70 in 1982. Ono Sokki Co Ltd has relatively good liquidity.

The Nikkei Stock Average had eventually recovered, finally reaching the 10,000 mark in 2013. Come 2015, it had already hit the 20,000 mark, making Japan one of the fastest growing economies in the world.

The Japanese economy has been through a lot and it still remains unshaken. If anything, it is still thriving in Asia as one of the region’s economic leaders. This is what makes TSE stocks reasonable long-term investments. Professional analysts might be interested how this will affect Ono Sokki Co Ltd.

More recent Ono Sokki Co Ltd (TYO:6858) news were published by: Reuters.com which released: “Ono Sokki to retire treasury shares” on June 07, 2017. Also Reuters.com published the news titled: “Ono Sokki completes repurchasing 478,400 shares for 400 mln yen” on October 31, 2016. Reuters.com‘s news article titled: “Ono Sokki buys 40,800 shares back for 34.4 mln yen in Sep.” with publication date: October 03, 2016 was also an interesting one.

ONO SOKKI Co., Ltd. is a Japan-based firm mainly engaged in the manufacture and sale of measuring equipment. The company has market cap of $9.21 billion. The Firm operates in three business divisions. It currently has negative earnings. The Measuring Equipment segment is engaged in the research, development, manufacture and sale of various sensors, rotation and velocity measuring equipment, dimension and displacement measuring equipment, sound and vibration measuring equipment, torque measuring equipment, motor vehicle performance measuring equipment, software and data analysis equipment assembled by these measuring equipment.

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