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 136 101,748
SABIC 82.43 4,880,290
YAMAMAHSTEEL 38 4,460,074
RIBL 11.09 980,637
IQCD 98 84,392
SIPCHEM 13.86 406,201
BRES 31.1 159,584
Recent News

Insurance sector ‘presents scope for further growth’
Bahrain’s insurance industry is ripe for consolidation, says an industry leader. Tas’heelat Insurance Services Company (Tisco)’s general manager Ali Al Daylami told the GDN that mergers and acquis

Bank Sohar sponsors GCC new age banking summit
As part of its commitment towards supporting the development of the local economy and the Banking industry as a whole in the country, Bank Sohar recently sponsored the GCC New Age Banking Summit. The

GCC individual investors more focused on long-term growth than short
Natixis commissioned an independent survey of over 7000 individual investors globally, including 300 in the GCC, from the affluent to the high net worth. It found that: An average of real annual ret

Shares fall amid listless trading
Shares on the Muscat Securities Market edged down amid listless trading on Wednesday. The MSM30 Index fell by 0.12 per cent amid lower trading activity to close at 5,930.51points. The MSM Sharia Inde

Siemens has helped Oman save 31% of gas in power generation: CEO
Siemens Technology has helped Oman save 31 per cent of gas in power generation, a senior company official said.

“The latest three power plants in Oman utilise Siemens gas turbines. Because

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?