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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    October 5, 2007

    Casio drops on decline in income

    Filed under: Companies, Matsushita Electric Industrial, Inpex, Aiful, AOC, Aeon, Acom, Promise, Mitsui & Company, Casio Computer

    Tokyo’s markets were mixed on Friday’s session.

    The Nikkei 225 dropped 0.16 percent to 17,065.04, but the Topix index added 0.08 percent to 1,656.91 while the Mothers market gained 3.98 percent to 848.78.

    Decliners on the session included Casio Computer (TYO: 6952), which makes a diverse range of devices including watches and mobile phones.

    Casio dropped 19 percent, its daily maximum, to ¥1,272 after it reported that net income in its fiscal first half dropped by 58 percent, spurring broker downgrades.

    Elsewhere in the electronics sector, Matsushita Electric Industrial (TYO: 6572; NYSE: MC) fell 3.3 percent to ¥2,080.

    Traders and the oil sector gained on higher oil prices.

    Trader Mitsui & Co. (TYO: 8031) was 0.7 percent higher to ¥2,800.

    In the oil sector, Inpex (TYO: 1605) gained 2.5 percent to ¥1.21 million, while AOC Holdings (TYO: 5017) added 2.6 percent to ¥1,769.

    Retailer Aeon (TYO: 8267) was 3 percent higher to ¥1,672 on a report that its net income in its fiscal first half added 2.8 percent and as it announced a higher dividend for the full year and a stock buyback worth up to ¥70 billion.

    There were also gains in the consumer finance sector.

    Promise (TYO: 8574) was up 4.6 percent to ¥2,960 on reports that it will post a higher net income in the current fiscal year than had been estimated.

    Acom (TYO: 8572; OTC: ACMU) added 5.2 percent to ¥2,840, while Aiful (TYO: 8515) jumped 17 percent to ¥2,115.





    September 19, 2007

    Tokyo markets soar on interest rate decisions

    Filed under: Companies, Mizuho, Canon, Toyota, Inpex, Mitsubishi UFJ, AOC, Cosmo Oil, Nintendo, Sumitomo Mitsui, Itochu

    Tokyo’s equities markets saw significant gains Wednesday after the Fed’s move to cut US interest rates on Tuesdady and after the Bank of Japan voted Wednesday to hold its overnight rate at 0.5 percent.

    Most analysts had expected the Japanese central bank to keep rates at their present level.

    The Nikkei 225 added 3.67 percent to 16,381.54, while the Topix index gained 3.75 percent to 1,567.58 and the Mothers market was up 2.08 percent to 633.34.

    Banks were higher on the session.

    Mizuho (TYO: 8411; NYSE: MFG) was 4.5 percent higher to ¥632,000, while Sumitomo Mitsui (TYO: 8316) added 5.8 percent to ¥821,000 and Mitsubishi UFJ (TYO: 8306; NYSE: MTU) gained 6.1 percent to ¥1.05 million for its biggest one-day gain in nearly two years.

    Soaring oil prices sent shares related to that sector higher.

    AOC Holdings (TYO: 5017) was up 4.3 percent to ¥1,812, while refiner Cosmo Oil (TYO: 5007) was 6.3 percent higher to ¥578 after it said that International Petroleum Investment Co, Abu Dhabi’s state-controlled oil company, will become its biggest shareholder by purchasing a 20.85 percent stake.

    Trader Itochu (TYO: 8001), which deals in industrial fuel, added 6.7 percent to ¥1,328.

    Oil explorer Inpex jumped 8.9 percent to ¥1.22 million for its biggest one-day gain since it listed in 2006.

    Exporters also saw gains on hopes that the Fed’s move will support demand in the United States.

    Camera maker Canon (TYO: 7751; NYSE: CAJ) added 3.5 percent to ¥6,300, while Toyota Motor (TYO: 7203.T; NYSE: TM; LSE: TYT) and Nintendo (TYO: 7974; NAS: NTDOY; FWB: NTO) gained 5.4 percent to ¥58,600.





    March 29, 2006

    Tokyo markets rise on real estate

    Filed under: Companies, Sony, NTT, Tokyu Land, Matsushita Electric Industrial, Mitsubishi Estate, Mitsubishi UFJ, Toshiba, Japan Petroleum, AOC, NEC

    Equity markets in Tokyo were up on Wednesday as the yen weakened but confidence in Japan’s economic recovery strengthened. The Nikkei 225 closed out the day up by 1.5 percent to 16,938.41, its highest ending level in five years, while the Topix index added 1.1 percent to end the session at 1,711.54.

    The real estate sector was up again, with Tokyu Land and Mitsubishi Estate each gaining 1.7 percent, to ¥1,022 and ¥2,715 respectively, while NTT Urban Development added 2 percent to ¥983,000. A national land price survey showed that prices have risen in Tokyo, Osaka, and Nagoya for the first time in 15 years.

    Banking was also up on the day, by 1.3 percent as a sector. Mitsubishi UFJ added 1.8 percent to ¥1,171,000.

    An increase in the price of crude oil sent shares in upstream oil companies up. AOC added 5.1 percent to ¥2,165, while Japan Petroleum Exploration gained 4.2 percent to ¥7,240.

    Export-dependent companies benefited from the rise in the value of the dollar after the US Federal Reserve again raised interest rates. NEC added 2.6 percent to ¥776, while Matsushita Electrical, which makes the Panasonic brand, gained 2.3 percent to ¥2,635. Toshiba advanced by 2 percent to ¥672. Sony was up 1.9 percent to ¥5,370.





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