Tokyo Market News: investment market news from the Nikkei and Topix indices
Tokyo Market News: investment market news from the Nikkei and Topix indices

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    July 3, 2007

    Honda gains in Tokyo

    Filed under: Companies, Sony, Daiwa Securities, Honda, Komatsu, Aeon, Nintendo

    The Tokyo markets moved little on Tuesday, with the Nikkei 225 just about even at 18,149.90 and the Topix managed a gain of 0.1 percent to 1,781.86.

    Exporters did better in Tokyo than domestically-focused sectors were able to manage. Retailers saw declines, with Aeon (TYO: 8267) 0.2 percent lower to ¥2,285.

    One exception among the general decline in domestic shares was Daiwa Securities Group (TYO: 8601, which added 3.8 percent to ¥1,352 after Goldman Sachs (NYSE: GS) upgraded the broker from “sell” to “neutral”.

    Among export-focused gainers, Honda Motor (TYO: 7267; NYSE: HMC) added 0.7 percent to ¥4,570, while construction equipment manufacturer Komatsu (TYO: 6301) gained 1.4 percent to close at ¥3,690.

    The electronics sector was mixed, however. While Nintendo added 2.1 percent to ¥46,700 on domestic sales of its Wii game console, the news that it far outsold Sony’s (TYO: 6758; NYSE: SNE) PS3 sent Sony’s shares 1.9 percent lower to ¥6,190.





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  • Tokyo Market News copyright 2005 Central Consultants