Nikkei up edges up with all eyes on BOJ, earnings


26/04/2012 07:22 AST  Reuters

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

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR | MAY | JUN | JUL
Most Viewed Companies
Ticker Price Volume
EEC 87.5 2,361,920
EMAAR 9.72 9,270,309
MMG 12.55
SABIC 129.25 6,386,777
RIBL 18.5 2,111,427
ARTC 4.23 192,972,723
SECO 16.5 3,976,257
Recent News

Mideast firms face $91bn refinancing needs
Middle East investment grade companies are facing refinancing needs of about $91 billion from bank and bond debt due to mature over the next four years, according to a recent report.

The

NBK Bahrain reports a net profit of $74.1 million for 1st Half of 2014
National Bank of Kuwait - Bahrain (NBK Bahrain), the subsidiary of NBK Group in Bahrain, reported a net profit of $74.1 million (BHD 27.9 million) for the first half of 2014 compared with $53.9 milli

Emirates REIT (CEIC) net profit up 194 per cent in H1 2014
Emirates REIT (CEIC) Limited has announced its interim results for the six month period ended 30 June 2014. Emirates REIT is managed by Emirates REIT Management (Private) Limited.

During t

Invest Bank - ratings affirmed by Capital Intelligence
Capital Intelligence (CI) has announced that it has affirmed the Financial Strength Rating (FSR) of UAE's Invest Bank (IB) at 'BBB' with its solid capital adequacy and good profitability being major

SABB arranges Islamic financing facility for Umm Al-Qura Cement
In a statement to the Tadawul, Umm Al-Qura Cement Company announced the signing of an Islamic financing agreement with The Saudi British Bank (SABB) on 22 July for SAR 618.874 million.

The

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

Poll

Which of the following do you think is the best long-term investment?