Nikkei up edges up with all eyes on BOJ, earnings


26/04/2012 07:22 AST

Japan's Nikkei share average edged up on Thursday, but pared earlier gains as investors held back from taking major positions ahead of the closely watched Bank of Japan meeting and a slew of domestic corporate results.

By the midday trading break, the benchmark Nikkei added 10.56 points to 9,571.57 with strategists citing support at its 75-day moving average around 9,437.

The broader Topix index gained 0.3 percent to 811.94. Morning trade on the main board was thin, with the Topix trading at 39 percent of its average 90-day full day volume.

"For the market to test higher levels, we need something new out of the BOJ, a sense that they are really determined this time to escape deflation and meet the 1 percent inflation target as soon as possible," said Kenichi Hirano, operating officer at Tachibana Securities.

For more on this Click Here

Reuters
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 141 109,746
SABIC 82.24 4,514,661
RIBL 11 345,788
STC 65.02 236,848
NBAD 9.59 1,656,285
GFH 0.22 50,000
JULPHAR 2.21 4,680
Recent News

STARWOOD HOTELS & RESORTS CELEBRATE IFTAR WITH CAB DRIVERS IN
Yesterday, Starwood Hotels & Resorts celebrated Iftar with taxi drivers across Saudi Arabia – Al Khobar as a part of its seventh annual ‘Iftar for Cabs’ and its ongoing commitment to the Holy Month o

MDO to catalyse investment into Oman’s mining sector
Minerals Development Oman (MDO), the newly established executive arm of the Public Authority for Mining (PAM), envisions a major role for itself in attracting international investment and technical k

62 student companies in Oman unveil innovative ideas
Student Companies’ exhibition 2016, which is being organised by Injaz Oman, commenced last week at the Shangri-la Resort and will end this week. The events on June 23 and 24 will begin at 8:00pm a

Oman share index ends marginally higher
The MSM30 Index had marginal gains of 0.07 per cent to close at 5,788.38 points. The MSM Sharia Index closed at 882.72 points, down 0.16 per cent. HSBC Bank was the most active in terms of volume and

QEWC capex set to jump to QR7.6bn in 2016-18: Moody’s
Qatar Electricity and Water Company’s (QEWC) capital expenditure (capex) is slated to increase substantially to QR7.6bn in 2016-18 against a total QR1.6bn spend during 2012-14, according to Moody’s,

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?