Elan Corp (6099) Increased 2.76% on Nov 19

November 19, 2017 - By Linda Rogers

Shares of Elan Corp (TYO:6099) last traded at 1376, representing a move of 2.76%, or 37 per share, on volume of 127,100 shares. After opening the trading day at 1346, shares of Elan Corp traded in a close range. Elan Corp currently has a total float of 14.89M shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 303 and high of 1739.

TSE: One Of Asia’s Hope

Asia has a number of big economic players and one of them is Japan. The nation is not only known for its research advancements and rich culture but also for its fast-paced economic growth.

The Tokyo Stock Exchange (TSE) plays an important role in Japan’s growth prospects. It is one of the most important stock exchanges in Asia as it accounts for meaningful economic developments in the region.

Foundation

The TSE was formed in 1878, giving birth to one of Asia’s first stock exchanges. In 1943, it became bigger and better as it merged with five national stock exchanges.

Shortly after, the TSE had to close in 1945 because of the World War II (WWII). The rest, as they say, is history’ history that cannot be buried with so much to learn from it.

Rebuilding the Economy

Under a new Securities Exchange Act, Japan was finally able to start rebuilding the economy in the post-war era by reopening the TSE on May 16, 1949. Consequently, that year became the base date of the Nikkei 225 or Nikkei Stock Average, the benchmark Japanese index measuring the top stocks on the TSE. It is widely considered as the Dow Jones Industrial Average (DJIA) of Japan, being an important economic indicator to both the country and its home region.

The Nikkei 225, unlike most commonly quoted indices, is a price-weighted index. The 225 blue-chip stocks that make it up are measured according to share prices. The components are evaluated once a year, particularly every September.

The Nikkei 225 had its best and worst days. In the 1980s, the TSE had made up 60% of the world’s market capitalization, making Japan the leading global economy. This feat is impossible without the efforts of the Bank of Japan (BOJ) to steer away from yet another recession.

However, as aforementioned, the Nikkei 225 also had its worst days. In October 2008, it had declined below the 7,000 mark. This means that the Nikkei 225 was down by a whopping 80% from its all-time high of over nearly 40,000. Elan Corp is a stock traded on the Japan stock exchange.

In March 2011, it has also suffered from the repercussions of the earthquake that hit Japan. When it was nearing the 10,000 mark, the Nikkei 225 had suddenly lost about 1,000. It had ended that year at 8,455.35, the lowest year-end value since 1982. In 2011 alone, it had depreciated 17%.Elan Corp has relatively good liquidity.

Able to gradually recover, the Nikkei 225 had added 15% between 2012 and 2015. It had reached the 10,000 level in 2013 and the 20,000 level in 2015. In just two years, the Nikkei 225 had doubled. This speaks of why Japan is considered as Asia’s fastest growing economy. Amid all the obstacles and turmoils through all those years, the Nikkei 225 still continues to grow.

As one of Asia’s biggest economies, Japan definitely has a bright future ahead. Needless to say, investments in the TSE are also to benefit in this success in the long-term. The perfect time to buy TSE stocks is now. Professional analysts might be interested how this will affect Elan Corp.

More notable recent Elan Corp (TYO:6099) news were published by: Forbes.com which released: “Seth Klarman Buys BP, AIG, Elan Corp, Sells News Corp., Oracle” on May 14, 2013, also Bizjournals.com with their article: “Elan to be sold for $8.6 billion” published on July 29, 2013, Bizjournals.com published: “Elan will shutter South SF center as it shifts R&D to new company” on September 28, 2012. More interesting news about Elan Corp (TYO:6099) were released by: Nypost.com and their article: “Elan shareholders sue Cohen’s SAC Capital for nearly $1B” published on May 14, 2013 as well as Reuters.com‘s news article titled: “Biogen’s purchase of MS drug ends rocky partnership with Elan” with publication date: February 06, 2013.

ELAN Corporation is a Japan-based company which is primarily engaged in the healthcare business. The company has market cap of $20.49 billion. The Firm primarily provides the laundry services of clothing and towels, and rental of daily life supplies. It has a 36.26 P/E ratio.

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