CORRECTED-Nikkei adds to rally, TEPCO jumps despite uncertainty

 (Corrects figure in paragraph 1 to 0.15 percent instead of 1.5
percent)	
 By Antoni Slodkowski	
 TOKYO, March 31 (Reuters) - Japan's Nikkei average rose 0.15
percent on Thursday, adding to solid gains the previous day, as
strong U.S. data bolstered the global outlook and a weaker yen
boosted exporters.	
 Shares of Tokyo Electric Power Co , the owner of the
quake-stricken nuclear plant, jumped 12 percent, lifting stocks
related to the energy giant such as shareholders Dai-ichi Life
Insurance and Sumitomo Mitsui Financial Group 
more than 1 percent each.	
 Investors scooped up underweight shares of megabanks, which
have been among the biggest underperformers since Japan's March
11 quake disaster.	
 Foreign investors sold 13.3 billion yen of Japanese stocks
last week after record net buying of 893.2 billion yen the week
before. They sold 1.12 trillion yen of treasury bills and other
short-term instruments, their biggest selling since the final
week of last year as the yen weakened after G7 intervention. 	
 "The Nikkei is taking heart from stronger global markets and
investors are buying export-related shares as the weaker yen is
also giving them a big boost," said Yumi Nishimura, a senior
market analyst at Daiwa Securities Capital Markets. 	
 "Long term investors are doing a lot to get rid of TEPCO
shares and today's rise in the company may be only temporary, as
the situation of the Fukushima power plant is still dire and the
possibility of the firm's nationalisation high."    	
 The main Wall Street indices rose as investors bought
shares of stronger-performing companies ahead of the quarter end
with the mood bolstered as the U.S. labour market showed signs
of strength. [ID:nN30275708]	
 The dollar rose to around 83.19 yen on Wednesday, a
level last seen on March 11, when it initially fell after
Japan's earthquake. It traded at around 83.10 yen on Thursday.	
 "Today is the last day of the financial year, so we may see
a bit more window dressing driving stocks higher," said Hiroichi
Nishi, general manager at Nikko Cordial Securities.  	
 Japanese shares have shed 7 percent since the March 11
earthquake, tsunami and nuclear safety crisis erupted, triggered
the biggest two-day rout in the market since 1987. In contrast,
the MSCI index of Asian shares outside Japan has
gained 4.9 percent. 	
  Dainippon Sumitomo Pharma Co surged 5.6 percent to
771 yen in active trade after the Nikkei business daily reported
it had signed a licensing deal that gives Takeda Pharmaceutical
Co exclusive marketing rights to its antipsychotic drug in most
of Europe. [ID:nL3E7EU31B]	
	
 (Reporting by Antoni Slodkowski; Editing by Michael Watson)	
 	
 

CORRECTED-Nikkei adds to rally, TEPCO jumps despite uncertainty