Tokyo’s Nikkei and Topix stock indexes closed at new record highs in choppy trading on Wednesday, data showed on July 10.
The rise was helped by gains in technology and financial stocks as optimism about the economic outlook continued to spread.
Japan’s benchmark Nikkei 225 index ended the day up 251.82 points, or 0.61%, to close at a record high of 41,831.99. The broader Topix index ended the day up 13.65 points, or 0.47%, at 2,909.20.
In the top-tier stocks section of the exchange (Prime), the leading positions were occupied by securities of insurance companies, brokerage firms and companies manufacturing precision instruments.
Growth leaders: Sapporo Holdings (+8.99%), Mitsubishi Motors Corp (+8.63%) and Tokio Marine Holdings (+4.83%).
Top losers: Mitsubishi Heavy Industries (-6.25%), GS Yuasa Corp (-5.86%) and Yokohama Rubber (-3.41%).
Among the most actively traded stocks in Japan, the leader for the 59th consecutive trading day is Nippon Telegraph & Telephone Corp (226.57 million), (254th consecutive session in the top 5). The second place for the sixth day is occupied by Mitsubishi Heavy Industries (177.98 million) (22d). In third place, also for the sixth day, are the shares of the country’s leading financial group, Mitsubishi UFJ Financial Group (61.43M). Shares of the car manufacturer Nissan Motor (44.35 million), (1d) returned to fourth place. The top five trading leaders were closed by shares of the car manufacturer Mitsubishi Motors (46.89 million), which returned to the honorable rating after a 13-day trading break.
The total trading volume of Japanese market leaders halted a five-day decline and rose, reaching the highest volume since June 14 of 554.34 million today.
Source: Rossa Primavera
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