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Sunday, April 20, 2014

Tokyo Stocks Close Up 0.68%

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 5:46 PM No comments


Tokyo stocks rose 0.68 percent in quiet trade Friday as a weaker yen boosted exporter shares following a mixed session on Wall Street.

The Nikkei 225 index added 98.74 points to finish at 14,516.27, while the Topix index of all first-section shares climbed 0.58 percent, or 6.78 points, to 1,173.37.

Most regional markets were closed Friday for the long Easter weekend.

Trading volume was low with many investors sticking to the sidelines after the Nikkei's 7.3 percent tumble last week, its worst weekly showing since Japan's 2011 quake-tsunami disaster.
Exporter shares got a boost as the dollar strengthened to 102.43 in Tokyo, up from 102.39 yen in New York Thursday. A weaker yen inflates the profitability of Japanese exporters.

In Tokyo trade, Toyota rose 0.94 percent to 5,564 yen, Sony gained 1.25 percent to 1,932 yen, while Sharp was up 1.47 percent at 276 yen.

Mobile phone carriers ended mixed with SoftBank adding 0.23 percent to 7,623 yen, while NTT Docomo slipped 0.12 percent to 1,579 yen.

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