ANL 28.02 Decreased By ▼ -0.43 (-1.51%)
ASC 20.10 Increased By ▲ 0.41 (2.08%)
ASL 24.95 Increased By ▲ 0.50 (2.04%)
BOP 8.25 Increased By ▲ 0.08 (0.98%)
BYCO 9.98 Increased By ▲ 0.18 (1.84%)
FCCL 21.86 Decreased By ▼ -0.02 (-0.09%)
FFBL 26.70 Increased By ▲ 0.10 (0.38%)
FFL 20.00 Decreased By ▼ -0.05 (-0.25%)
FNEL 8.44 Increased By ▲ 0.05 (0.6%)
GGGL 25.75 Increased By ▲ 0.85 (3.41%)
GGL 42.59 Increased By ▲ 0.90 (2.16%)
HUMNL 7.13 Increased By ▲ 0.32 (4.7%)
JSCL 21.10 Increased By ▲ 0.50 (2.43%)
KAPCO 39.05 Increased By ▲ 0.05 (0.13%)
KEL 3.86 Increased By ▲ 0.04 (1.05%)
MDTL 3.48 Increased By ▲ 0.09 (2.65%)
MLCF 43.50 Increased By ▲ 0.45 (1.05%)
NETSOL 152.40 Increased By ▲ 3.10 (2.08%)
PACE 7.15 Increased By ▲ 0.03 (0.42%)
PAEL 32.40 Increased By ▲ 0.35 (1.09%)
PIBTL 11.03 Increased By ▲ 0.17 (1.57%)
POWER 9.03 Increased By ▲ 0.08 (0.89%)
PRL 22.91 Increased By ▲ 0.11 (0.48%)
PTC 11.72 Increased By ▲ 0.06 (0.51%)
SILK 1.74 Decreased By ▼ -0.03 (-1.69%)
SNGP 49.65 Decreased By ▼ -0.05 (-0.1%)
TELE 15.71 Increased By ▲ 0.21 (1.35%)
TRG 155.59 Increased By ▲ 1.16 (0.75%)
UNITY 40.00 No Change ▼ 0.00 (0%)
WTL 3.52 Increased By ▲ 0.05 (1.44%)
BR100 5,096 Increased By ▲ 53.06 (1.05%)
BR30 25,448 Increased By ▲ 232.49 (0.92%)
KSE100 47,275 Increased By ▲ 219.97 (0.47%)
KSE30 18,915 Increased By ▲ 78.38 (0.42%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
23,462
4024hr
Pakistan Cases
1,039,695
4,85824hr
8.61% positivity
Sindh
385,414
Punjab
357,735
Balochistan
30,502
Islamabad
88,093
KPK
144,848
Markets

Japanese shares rise on economic recovery hopes, Nomura falls

  • The underperformers among the Topix 30 were SoftBank Group Corp, which fell 1.95%, followed by Hoya losing 1.58%.
29 Mar 2021

TOKYO: Japanese shares rose on Monday, lifted by optimism around corporate earnings and US economic recovery, while Nomura Holdings fell the most in a decade after it flagged a potential $2 billion loss.

The Nikkei share average advanced 0.81% to 29,412.24 by 0144 GMT, while the broader Topix rose 0.49% to 1,993.93.

"Investors are buying companies, particularly manufacturers that would benefit from the recovery of the global economy, and whose earnings are set to rise in the coming years," said Shigetoshi Kamada, general manager for the research department of Tachibana Securities.

Aiding sentiment, the S&P 500 and Dow closed at record highs on Friday on hopes for a recovery in the US economy as vaccine rollouts continue.

Back home, chip-related shares led gains on the Nikkei, with Tokyo Electron jumping 4% and Advantest gaining 3.79%.

Nikkei heavyweight Fast Retailing, an operator of the Uniqlo brand clothing shops, rose 2.18%.

Nomura Holdings slumped almost 15%, the biggest percentage fall since November 2011, after Japan's largest brokerage flagged a potential $2 billion loss at a US subsidiary.

Kao Corp, up 2.22 %, gained the most among top 30 core Topix names, followed by Shin-Etsu Chemical.

The underperformers among the Topix 30 were SoftBank Group Corp, which fell 1.95%, followed by Hoya losing 1.58%.

There were 133 advancers on the Nikkei index against 89 decliners.