The Nikkei back to the lack of incentives
Tokyo stocks closed today down a session without strong incentives, in which investors were given to sales to reap the benefits harvested at the start of trading.
The Nikkei fell 63.73 points, or 0.72 percent, and remained at 8,734.62 points, while the Topix index, which groups all the values of the first section, yielded 5.70 points, or 0.76 percent, to 745.22 integers.
The mining sector led the losses, followed by the shipping and product variety, while the advanced rubber, fisheries and forestry and construction.
Although the purchases were the initial tonic Tokyo’s Square after the ringing of the bell through the cheapening of the yen, which benefits exporters, sales were imposed in the afternoon at the lack of incentives for investors.
This had to add a slight rising towards the close of trading the yen against the dollar, which moved from the middle band of the low of 80 units, and the euro, which depreciated from the high range of the 100 units to half.
“The negotiation was really poor today. You can check the low turnout to see the small volume of business,” said Hiroichi Nishi, an analyst at Nikko Securities SMBC, the Kyodo news agency.
Investors chose in the second half of the session by a wait ahead of the summit of European leaders which begins Thursday and is presented as crucial to try to stem the debt crisis in the euro area.
The vote tomorrow in parliament Nippon draft tax reform and social security, including a controversial increase in VAT, and the future of the Government of the Democratic Party (PD), which could lose its majority in the House by a excision may also conditioned the mood on the floor.
Yahoo Japan fell 1.5 percent from reports that the Government scrutinize the company’s plan to offer advertising based on the content of emails from users.
Meanwhile, operators of social networks to mobile Gree and DeNA climbed 1.7 and 0.7 percent, respectively, with the publication of a new code of conduct by the six major companies recently after some practices were illegal.
Kose cosmetics maker rose 5.1 percent after announcing a share buyback worth 2,000 billion yen (20 million euros).
In the first section 927 securities fell, compared to 609 ended higher and 133 which ended unchanged.
Trading volume was 1,386.77 million shares, down from 1,603.34 million Friday.
Category: Forex
