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
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 146 383,603
WAHA 1.72 489,438
DAMAC 2.88 5,023,218
MMG 0
BKIZ 0.08 62,350
SABIC 98.2 2,769,289
BATELCO 0.26 25,000
Recent News

OPEC says it will extend production cuts through March 2018
The Organization of the Petroleum Exporting Countries on Thursday renewed an agreement to withhold some crude-oil supplies into March 2018, people familiar with the matter said, doubling down on its

OPEC meets to extend oil cuts for up to one year
OPEC and non-member oil producers are gearing up to extend output cuts on Thursday, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude prices.

The O

U.K. Economy Weakens More Than Estimated, Growth Drops to 0.2%
The U.K. economy slowed more sharply than initially estimated in the first quarter as shoppers flagged and trade dragged on growth.

Gross domestic product rose 0.2 percent, less than the 0

OPEC Set to Prolong Cuts as Effort to Clear Oil Glut Goes Slow
OPEC and its allies were poised to extend their production cuts for another nine months after last year’s agreement failed to clear a global supply glut or deliver a sustainable price recovery.

Oman share index falls on regional cues
Oman’s benchmark, MSM30 Index, followed regional cues and ended on a weaker note at 5,392.31 points, down 0.17 per cent. The MSM Sharia Index closed at 789.80 points, up 0.06 per cent. Al Madina Inve

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?