The Tokyo Stock Price Index of all issues listed on the first section of the Tokyo Stock Exchange finally closed above 1,341.82 points on April 26, bringing the closely watched chart to a point where investors are recommended to start buying shares.
The performance of the Topix drew attention because it failed to finish above that level on March 23 as well as April 19, 20, 23 and 25 after topping it during intraday trading.
The chart is designed to show a turning point in stock price trends with a bundle of 10 lines each drawn whenever the market sets a new price. The chart based on the 225- issue Nikkei average made a turn for stock purchases on March 23.