Japan Dark Report: December 2024

 

Japan Dark Report is a tool to help the buy side understand and navigate the Japan dark market structure on a per stock basis. The full report highlights dark market data points including dark % of turnover and trends, dark trade sizes, and statistical highlights, amongst others. 


 
  • Dark turnover across TOPIX500 stayed flat in December, 11.7% of total market.  

  • Health Care had the strongest activities in dark while Financials names reached a new high for the year 2024, prominently 3769.T (GMO Payment) doubling from previous month.

  • 5444.T Yamato Kogyo was the most active name at 42%. Post the news of capital alliance discussion with 9362.T Hyoki Kaiun on 1st Nov, surge in dark activities was observed.

  • Out of our Top House names, 4432.T WingArc1st was the highest (1,511% ADV), followed by 9627.T Ain (507% ADV) and 6544.T Japan Elevator Service (498% ADV).


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