Nikkei 225 Trades In Narrow Range; Edges Up 0.02%

The Nikkei 225 Tuesday took a cue from Monday’s sideways performance, and barely budged through the morning and afternoon trading sessions, slipping up 0.02% by the closing bell. Traders reviewed the overnight drop on Wall Street, and a healthy average p/e ratio above 21 on Japanese stocks, and moved to sidelines, said analysts.

The broad measure Nikkei 225 closed up 3.22 to 19,908.68, although gainers easily outnumbered losers 142 to 76.

Leading the upside were electronic consumer-products maker Sharp Corp. (SHCAY, 6753:Tokyo), up 5.60%; followed by materials-and-textiles house Toyobo (TYOBY, 3101:Tokyo) up 4.24%; and then pharmaceuticals concern Nippon Kayaku (NPKYY 4272:Tokyo), up 3.98%.

On the downside were soy-sauce purveyor Kikkoman (KIKOF, 2801:Tokyo) off 2.61%, and then food-and-pharmaceuticals house Meiji Holdings (MEJHF, 2269:Tokyo), off 2.08%.

You may also like...

Rules of Discussion on Nikkei 225 Trades In Narrow Range; Edges Up 0.02%

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.
Loading comments …