AGL 6.80 Increased By ▲ 0.08 (1.19%)
ANL 9.22 Decreased By ▼ -0.53 (-5.44%)
AVN 74.20 Decreased By ▼ -1.30 (-1.72%)
BOP 5.43 Decreased By ▼ -0.01 (-0.18%)
CNERGY 4.89 Decreased By ▼ -0.06 (-1.21%)
EFERT 78.00 Decreased By ▼ -0.05 (-0.06%)
EPCL 54.70 Decreased By ▼ -0.70 (-1.26%)
FCCL 14.93 Decreased By ▼ -0.37 (-2.42%)
FFL 6.34 Decreased By ▼ -0.14 (-2.16%)
FLYNG 7.12 Decreased By ▼ -0.03 (-0.42%)
GGGL 10.56 Increased By ▲ 0.01 (0.09%)
GGL 16.43 Decreased By ▼ -0.12 (-0.73%)
GTECH 8.21 Decreased By ▼ -0.21 (-2.49%)
HUMNL 6.35 Decreased By ▼ -0.06 (-0.94%)
KEL 2.95 Decreased By ▼ -0.04 (-1.34%)
LOTCHEM 28.60 Decreased By ▼ -0.25 (-0.87%)
MLCF 27.80 Decreased By ▼ -0.50 (-1.77%)
OGDC 75.30 Decreased By ▼ -0.20 (-0.26%)
PAEL 15.80 Increased By ▲ 0.26 (1.67%)
PIBTL 5.60 Increased By ▲ 0.24 (4.48%)
PRL 17.22 Decreased By ▼ -0.10 (-0.58%)
SILK 1.06 Increased By ▲ 0.01 (0.95%)
TELE 10.30 Decreased By ▼ -0.20 (-1.9%)
TPL 8.00 No Change ▼ 0.00 (0%)
TPLP 20.80 No Change ▼ 0.00 (0%)
TREET 22.60 Decreased By ▼ -0.40 (-1.74%)
TRG 128.85 Increased By ▲ 6.15 (5.01%)
UNITY 22.50 Decreased By ▼ -0.08 (-0.35%)
WAVES 12.00 Increased By ▲ 0.70 (6.19%)
WTL 1.13 Decreased By ▼ -0.01 (-0.88%)
BR100 4,100 Decreased By -4 (-0.1%)
BR30 15,533 Increased By 64.6 (0.42%)
KSE100 41,129 Increased By 114.8 (0.28%)
KSE30 15,337 Increased By 24.6 (0.16%)
Markets

Nikkei ends higher on SoftBank boost; records 2% weekly drop

  • All the 33 sector sub-indexes on the Tokyo exchange traded higher, with transport sector leading gains.
Published March 26, 2021
Follow us

TOKYO: Japanese shares closed higher on Friday, with SoftBank leading the gains on the Nikkei index, as investors scooped up beaten-down names after their sharp retreat this week.

The Nikkei share average ended 1.56% higher at 29,176.70, while the broader Topix advanced 1.46% to close at 1,984.16.

For the week, the Nikkei shed 2% and the Topix was down 1.4%.

"This is a reaction from a sharp fall this week," said Takashi Hiroki, chief strategist at Monex Securities.

"Investors have been selling stocks to rebalance their portfolios toward the end of the fiscal year ending March and that weighed on the indexes."

Aiding sentiment, Wall Street closed higher overnight on renewed optimism for economic recovery after US President Joe Biden pledged to double his administration's vaccination rollout plan.

Nikkei heavyweight SoftBank Group rose 1.8%, making it the biggest contributor to the index, followed by chip testing equipment maker Advantest, which jumped 4.65%.

Uniqlo brand clothing store operator Fast Retailing , up 0.88%, also lifted the Nikkei index.

Toyota Motor and Sony were the biggest contributors to the Topix, rising 2.48% and 1.96%, each.

All the 33 sector sub-indexes on the Tokyo exchange traded higher, with transport sector leading gains.

The largest percentage gainers on the index were IHI up 5.13%, followed by Aeon's 4.79% gain.

Citizen Watch, down 1.76 %, was the biggest percentage loser on the index, followed by Showa Denko losing 1.71 % and Tokai Carbon falling 1.52 %.

There were 195 advancers on the Nikkei index against 25 decliners.

Comments

Comments are closed.