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
SABIC 84.99 6,083,555
GFH 0.24 25,000
ALMARAI 56.13 332,819
RIBL 11.14 2,042,403
PETRORABIGH 12.63 1,973,611
EMAAR 6.8 12,766,304
RJHI 60.35 1,570,493
Recent News

Companies promoting innovative concepts
A number of new products, technologies and solutions are being showcased at this year’s gulfBID, the leading event for the construction and building materials, services and contracting sectors.

Bahrain to host Mideast asset management forum
The Middle East Asset Management Forum (MEAMF 2016) hosted by Bahrain next month aims to tackle the most pressing questions that will drive the ongoing progress of the asset management industry acros

UAE property prices may drop further in 2016 amid weak market conditio
For the coming year, we see no sign of market improvement for the UAE real estate sector, despite housing affordability improving from the current price environment. Pressures have arisen from declin

Tender floated for raising water capacity in the long run
State-owned Oman Power and Water Procurement Company (OPWP) on Wednesday floated a tender seeking an international consultant to provide advisory services for enhancing water production capacity from

QSE expects more listings on main market, junior bourse
The Qatar Stock Exchange (QSE) is expecting more listings on its main market and said its junior bourse, ‘Venture Market,’ is slated to see listings from small and medium enterprises (SMEs) within th

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?