MIYAJI ENGINEERING GROUP, INC. (3431) Increases 0.66% on Oct 12

October 12, 2017 - By Vivian Park

Shares of MIYAJI ENGINEERING GROUP, INC. (TYO:3431) last traded at 3040, representing a move of 0.66%, or 20 per share, on volume of 12,100 shares. After opening the trading day at 3035, shares of MIYAJI ENGINEERING GROUP, INC. traded in a close range. MIYAJI ENGINEERING GROUP, INC. currently has a total float of 6.81 million shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 1480 and high of 35500.

TSE: Putting Asia To The Global Footprint

Japan comes next to the US when it comes to economic prowess, making it a powerful economy not just in Asia but in the whole world as well. Needless to say, it is surely bringing Asia to the global footprint.

What gives rise to the growing Japanese economy is its healthy corporate sector driven by excellent corporate governance. Without a thriving equity market, Japan will not be the massive success that it is today.

Japan’s Equity Market

The Tokyo Stock Exchange (TSE) is one of the most valuable stock exchanges in Asia. Aside from that, it also prides as one of the oldest stock exchanges in the region.

The Nikkei Stock Average or Nikkei 225 is the benchmark index that measures the most actively traded companies listed on the TSE. Its components are reviewed annually.

Unlike most popular indices in the world, the Nikkei Stock Average is a price-weighted index and not a capitalization weighted index. Its base value is 176.21 with the base date being May 1949.

Historical Feats

The TSE was founded in 1878, only to grow bigger in 1943 with the consolidation of five Japanese stock exchanges into it. It temporarily closed in 1945, primarily because of the World War II (WWII). However, the TSE had come back stronger, relaunching under a new Securities Exchange Act in Japan on May 16, 1949. MIYAJI ENGINEERING GROUP, INC. is a stock traded on the Japan stock exchange.

The Nikkei Stock Average, on the other hand, was introduced on September 7, 1950. Since 2010, the index is refreshed every 15 seconds during regular sessions.

The 1989s is probably the decade that the TSE had enjoyed the most. Because of the fiscal stimuli administered by the government in an attempt to counter recession, share prices had tripled after the yen had surged roughly 50%. The TSE had then accounted for 60% of the world’s overall market capitalization.

The glory days, of course, did not last forever. Come 1990, the Nikkei Stock Average had declined more than 30%. During the onslaught of the 2008 Global Financial Crisis, the Nikkei Stock Average was trading below the 7,000 level in October 2008. This represents an 80% decline from its all-time high seen on December 29, 1989.

The dark days didn’t end there. On March 15, 2011, the Nikkei Stock Average had fallen to just 8,605.15 from almost 10,000 after an earthquake nearly destroyed all of Japan. The Nikkei Stock Average had posted its lowest year-end valuation of 8,455.35 since 1982. MIYAJI ENGINEERING GROUP, INC. has relatively good liquidity.

Amid all the adversaries, the Japanese economy was still able to come through. In 2012, the Nikkei Stock Average had begun recouping. In 2013, it had finally touched the 10,000 mark. Two years later, the Nikkei Stock Average was able to double, hitting the 20,000 mark in 2015.

Because of the success of the Japanese equity market, many investors are looking into TSE stocks. Betting on the Asian economy has never been this interesting. Despite numerous setbacks in the past, the TSE has still managed to shaped the Japanese economy into becoming one of today’s most influential economies worldwide. Professional analysts might be interested how this will affect MIYAJI ENGINEERING GROUP, INC..

More news for MIYAJI ENGINEERING GROUP, INC. (TYO:3431) were recently published by: Recyclingtoday.com, which released: “Allied Alloys of Houston acquires California recycler” on January 06, 2014. Recyclingtoday.com‘s article titled: “Avis Industrial Corp. acquires Harris” and published on January 06, 2014 is yet another important article.

MIYAJI ENGINEERING GROUP, INC. is a Japan firm mainly engaged in the bridge business. The company has market cap of $21.04 billion. The Firm operates in two business divisions. It has a 7.63 P/E ratio. The Bridge segment is engaged in the design, production and site installation, maintenance, repair and reinforcement of structural steel products and others.

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