Japan's Nikkei index continues its upward trend, posting modest gains at the close of Friday's trading.
Japanese stocks closed strongly higher on Friday, with gains across several sectors, most notably banking and real estate.
Among the top performing stocks were Sumitomo Metal Mining Co., up 11.3%; DOWA Holdings Co., up 10.3%; and JGC Corp., up 7.9%.
The Nikkei index also rose by 0.37%.
Regarding the leading stocks that declined, the most notable was Advantest Corp, which fell by 4.5%.
Japanese Nikkei
As for the analysis of the Japanese Nikkei index, it continued its upward trend, rising today to levels of 59,409. Based on current price action, the index may continue its upward movement, as we previously mentioned in our weekly analysis video.
Generally, the index remains a buy on any dips. The new demand zones that have formed around the 57,400 level are considered strong buying opportunities. It is advisable to focus on buying opportunities when any price action appears that supports buying on lower timeframes, and to avoid selling.
