Niwa 36

The Niwa 36 (丹羽平均株価), more commonly called the Niwa, the Niwa index, or the Niwa Stock Average, is a stock market index for the Teiko Stock Exchange (TSE). It has been calculated daily by the Niwa Shimbun newspaper since 1948. It is a price-weighted index (the unit is zen), and the components are reviewed once a year. Currently, the Niwa is the most widely quoted average of Teikonian equities, similar to the Dow Jones Industrial Average.

Components
As of August 2019, the Niwa 36 consists of the following companies:


 * Akashi
 * Akira
 * APTX Motors
 * Baumeister Confections
 * Blue Lightning
 * Domyoji Group
 * Hongo Industries
 * Industrial and Commercial Bank of Teiko
 * Industrial Illusion
 * Kaiba
 * Kaomoji Holdings
 * Kronos Heaven Technologies
 * Kyowa Tech
 * Nagakura Hijikata
 * Nishifujiko
 * Ouchi Breweries
 * Rakuzan Airways
 * Saiga
 * Sakanoshita
 * Sasaki Industrials
 * Shinjan Energy Resource
 * Sibyl
 * Sokutsu
 * Suoh Group
 * Suzuki Financial
 * SZT Group of Companies
 * Takenaka Construction
 * Teiko Airlines
 * Teiko Chuo Banking
 * Teiko Insurance Group
 * Teiko National Grid
 * Teiko National Railways
 * Teiko Petrochemicals
 * Teiko Telegraph and Telephone
 * Usui Industries
 * Yotsuba Financial