Investors are opting for low- and medium-priced shares on the Tokyo Stock Exchange, reflecting a major shift in investors' preferences.

As a result, gainers have often outnumbered declining issues in recent days while the benchmark Nikkei average and Topix index registered little change.

There is talk that investors are switching away from information and technology issues and others with high growth potential -- investors' favorites last year -- to issues long neglected during the recent rallies.