Panasonic Corporation (6752) Dipped -1.77% on Nov 15

November 15, 2017 - By Dolores Ford

Shares of Panasonic Corporation (TYO:6752) last traded at 1690, representing a move of -1.77%, or -30.5 per share, on volume of 4.12 million shares. After opening the trading day at 1711, shares of Panasonic Corporation traded in a close range. Panasonic Corporation currently has a total float of 2.33B shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 1017 and high of 1800.

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

Panasonic Corporation 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. Panasonic Corporation 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 Panasonic Corporation.

More notable recent Panasonic Corporation (TYO:6752) news were published by: Prnewswire.com which released: “Panasonic Acquires Arimo, Deep Learning Innovator, to Accelerate the Growth of …” on October 23, 2017, also Businesswire.com with their article: “Panasonic Announces Global Connectivity Service Purpose-Built for Today’s …” published on October 17, 2017, Prnewswire.com published: “Panasonic Introduces EZ Soffit Vent For Enhanced Home Ventilation” on October 31, 2017. More interesting news about Panasonic Corporation (TYO:6752) were released by: Barrons.com and their article: “Panasonic: Tesla Continues to Drive Growth” published on October 24, 2017 as well as Prnewswire.com‘s news article titled: “Panasonic Unveils New Men’s Trimmers Designed with Advanced Precision for the …” with publication date: October 26, 2017.

Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The company has market cap of $. The Firm operates through five divisions: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. It has a 29.25 P/E ratio. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.

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