The Nikkei rises 0.4% thanks to good business prospects in Japan

The Nikkei rises 0.4% thanks to good business prospects in Japan

Tokyo, Feb 9 – The main index of the Tokyo Stock Exchange, the Nikkei, rose 0.4% this Tuesday thanks to the good prospects that large companies are throwing in this season of results.
The Nikkei, which groups the 225 most representative titles on the market, gained 117.43 points, to 29,505.93 integers.
The Topix index, which includes the stocks in the first section, the ones with the highest capitalization, advanced 0.08% or 1.59 points, to stand at 1,925.54 units.

Record closings on Wall Street on Monday gave Tokyo a boost earlier in the day, before the index briefly entered negative territory.
However, the good prospects that large companies are publishing for the entire Japanese fiscal year -which ends on March 31st- within the framework of the current earnings season raised the spirits of the trading floor.
The Nikkei thus added its second consecutive rise and again achieved its best close since August 3, 1990, when it was at 29,515.76 integers.
The mining sector, brokerage houses and information and communications sectors reaped the main advances.
Diagnostic solutions maker HU Holdings rose 5.14% today after increasing its profit forecast for the fiscal year ending in March.
Among the securities with the highest capitalization, the technology multinational Softbank improved by 3.41% after the results it presented at the close of the session yesterday showed that it had six times its net profit in the first three quarters of the year after cleaning up its accounts.
The main Japanese car manufacturer, Toyota Motor, fell today by 0.54%, while the big video game Nintendo depreciated by 0.89%.
Textile Fast Retailing, which operates the Uniqlo brand and retail stores, improved its price by 1.6%.
The trading volume today amounted to 3.18 trillion yen (about 25,107 million euros / 30,326 million dollars) down from 3.39 trillion (26,766 million euros / 32,329 million dollars) the day before. 

Melissa Galbraith
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.