Top stocks in EWJ
We’ve taken a look at industry performance in the global markets, and we’ve discussed why the iShares MSCI Japan ETF (EWJ) fell on December 2, 2015. Now we’ll look at those stocks that provided positive performances in EWJ. The top performers of EWJ on December 2 were Colopl, Taisei, and Kyushu Electric Power.
Why is Colopl at the peak of EWJ?
Colopl is an application software development company. The company provides services for smartphone applications. It’s currently trading at 2,592 Japanese yen. Its 52-week high is 3,065 yen, and its 52-week low is 1,750 yen.
The company declared a year-end dividend of 16 yen per share for the financial year 2015. The payment date is December 21, 2015. The amount was above the consensus expectation of 14 yen per share. This news pushed the stock’s performance, and it rose 5% on December 2, 2015.
Colopl’s performance compared to Oracle Corporation Japan
Colopl’s peer Oracle Corporation Japan yielded a negative return of -0.67% on December 2, 2015. Oracle is a system software development company. It’s currently trading at 6,050 yen. Its 52-week high is 6,150 yen, and its 52-week low is 4,350 yen. Its current PE (price-to-earnings) ratio is 24.57x.
The above graph shows the cumulative performances of Colopl and Oracle since November 2015.
Stocks at the bottom of EWJ on December 2, 2015, were Hitachi (HTHIY), Honda Motor Company (HMC), Nissan Motor Company (NSANY), and Mizuho Financial Group (MFG). These stocks yielded -1.2%, -0.36%, -0.76%, and -0.23%, respectively.
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