The Nikkei index declined on Monday

Japanese stocks closed lower on Thursday, with losses across several sectors.

The transportation and telecommunications sectors were among the hardest hit.

The leading stocks that declined by the end of trading were:

Sumitomo Dainippon Pharma Co., down 13.2%

Toyota Tsusho Corp., down 4.2%

Yokohama Rubber Co., down 4.1%

The Nikkei index also fell by 0.62%.

Regarding the leading stocks that rose, the most prominent were:

Nidic Corp. shares, which rose by 10.6%.

The Japanese Nikkei

As for the analysis of the Japanese Nikkei index:

The index fell today to levels of 53,109.

Based on current price action, the index may continue to correct.

However, in general, the index remains a buy on any dip.

It is preferable to focus on buying and avoid selling.

The 51,940 level is considered a good buying level, especially if:

any price action emerges that supports buying.