Tokyo stocks rose today, having fallen in the four previous negotiations, thanks to the good results reported yesterday by U.S. corporations for the first quarter.
The Nikkei advanced 92.97 points, or 0.98 percent, and remained at 9,561.01 points, while the Topix index, which groups all the values of the first section, rose 5.55 points, a 0.69 percent to 809.49 integers.
The housing sector led gains value, followed by the insurance and real estate, while the chemical and electricity and gas were the only ones who fell.
The good results reported by major U.S. companies such as Apple, which posted a net profit and record quarterly sales in the January-March period, encouraged investors.
“The purchases predominated as investors appreciated news from abroad, as the success of Apple. Addition also acquired titles of Japanese companies that have produced good results,” said Hiroichi Nishi, an analyst at Nikko Securities SMBC, the agency Kyodo .
The fact that the yen would curb the upward trend in recent days against the euro and the dollar, coupled with the success in other Asian markets also contributed to the advancement of the Nikkei.
The euro rose today to the high range of 107 yen, while the dollar traded in the band managed to average 81 yen.
However, the gains were contained because investors are still awaiting the conclusion today of the meeting of Federal Open Market Committee of the Federal Reserve to assess the monetary policy of the world’s largest economy.
Many also chose to wait for companies like Canon Nipponese, Fanuc and KDDI submitted, on completion, its results for the January-March quarter and full fiscal year 2011, which in Japan ended on 31 March.
The estate gained ground amid rumors that the Bank of Japan more flexible monetary policy of the country at its next meeting on Friday.
Thus, Nomura Real Estate Holdings has appreciated by 2.1 percent and Mitsui Fudosan rose 1.7 percent.
The main exporters were benefiting from the slowdown in the rising yen, so that Fujitsu gained 1.3 percent and Hino Motors was up 2 percent .
In the first section values gained ground 1,206, compared to 349 ending down and 117 who did not change.
Changed hands in total 1.433 million shares traded, below 1,530,84 million yesterday.
Category: Stock Market Trading