Arab Today, arab today nikkei gains 0375 as investors seek dividends us consumer data adds support
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

Nikkei gains 0.375% as investors seek dividends, U.S. consumer data adds support

Arab Today, arab today

Arab Today, arab today Nikkei gains 0.375% as investors seek dividends, U.S. consumer data adds support

Tokyo - XINHUA

Japan's Nikkei stock index rose a moderate 0.37 percent Wednesday as investors sought to capitalize on last minute year-end dividends, with the market also gaining support from positive consumer data in the U.S. Local traders here pointed to U.S. consumer confidence surging to a six-year high in March as brightening the market mood in early trade Wednesday, following the Conference Board saying its index of consumer attitudes rose to 82.3 from 78.3 in February, marking the highest level since January 2008 and beating median economists' expectations. The news boded well for U.S. shares and the dollar, and the overall optimistic outlook for the health of the world's largest economy helped lift sentiment Wednesday following a slew of tepid macroeconimc data coming out of the U.S. in recent months, analysts said. "Knowing that the U.S. economic recovery is maintaining its momentum is helping investor sentiment,"said Hiroichi Nishi, an equities manager at SMBC Nikko Securities Inc."When we enter April, the U.S. data will be from after the cold spell so the expectations are that we'll see good numbers and the market impact of Japan's sales-tax increase next month will be'slight', " Nishi said. But despite investors pumping money into the market Wednesday before ex-dividend day and giving some blue chips and other firm' s shares offering payouts and other incentives a lift, brokers said that trade was choppy and the market would remain range bound for a while as investors eye taking up fresh positions in the new fiscal year. They added that the geopolitical situation between Russia and Ukraine continued to weigh on the market mood and was keeping some investors on the sidelines, in a wait-and-see mode, ahead of fresh incentives to go after riskier assets and chase the market higher. Investor concern about external factors, such as the Russia- Ukraine situation, effects the market here more so than other international bourses, noted one Tokyo-based strategist. The Nikkei Stock Average added 53.97 points from Tuesday to close at 14,477.16, while the broader Topix index gained 8.37 points, or 0.72 percent, to finish at 1,172.07. Among stocks in focus Wednesday, drug firms offering high dividends found favor with Astellas Pharma jumping 3.3 percent and Ono Pharmaceutical surging 6.1 percent. Kirin advanced 2.6 percent to 1,362 yen, on news of annual dividend yields to at least 40 yen a share next fiscal year and a possible huge buyback plan, the Nikkei newspaper said and Kawasaki Heavy Industries found traction, gaining 0.5 percent to 373 yen after deciding to raise its planned dividend payout for this fiscal year. Kajima drew buying and increased 2.9 percent to 360 yen, following Deutsche Bank upping its rating of the company's stock from"sell"to"hold"and Taisei added 2 percent to 450 yen after the bank also increased its rating and additionally its target stock price to 440 yen from 410 yen. But mobile phone service providers weighed on the market Wednesday, with heavyweight Softbank dropping 1.6 percent to 7,963 yen and KDDI retreating 0.9 percent to close at 5,768 yen. Nippon Kayaku was also among the day's notable decliners, with the chemicals and pharmaceutical maker falling 4.5 percent to 1, 136 yen, following Nomura cutting its rating on the stock to" neutral"from"buy." The brokerage also lowered its target price to 1,300 yen from 1,740 yen. Trading volume on Wednesday dropped to 2.44 billion shares on the Tokyo Exchange's First Section, down from Tuesday's volume of 2.66 billion shares, with advancing issues outnumbering declining ones by 1,080 to 606.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nikkei gains 0375 as investors seek dividends us consumer data adds support Arab Today, arab today nikkei gains 0375 as investors seek dividends us consumer data adds support

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nikkei gains 0375 as investors seek dividends us consumer data adds support Arab Today, arab today nikkei gains 0375 as investors seek dividends us consumer data adds support

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday