AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)

Tokyo: Tokyo stocks edged higher on Wednesday in sluggish trade on a slight decline in the yen, but investors remained vigilant about the uncertainty surrounding China-US trade talks.

The benchmark Nikkei 225 index was up 0.11 percent, or 23.34 points, to close at 20,479.42, while the broader Topix index was up 0.04 percent, or 0.66 points, at 1,490.35.

Investors welcomed stability in foreign exchange rates as the dollar, which fell below 105 yen earlier this week, edged up against the Japanese currency, brokers said.

The figure of "105 yen is a critical line for many Japanese firms", said Daiwa Securities chief technical analyst Eiji Kinouchi.

The dollar fetched 105.84 yen in Asian afternoon trade, against 105.77 yen in New York late Tuesday.

"Today's trading was thin and directionless," said Yoshihiro Okumura, general manager at Chibagin Asset Management.

Kinouchi said trading had been affected by the US-China trade dispute and "the market will continue to be subject to the issue for now".

US President Donald Trump's repeated assertions that Beijing wants to make a deal to end the two countries' year-long trade war had cheered markets on Monday. But the optimism was short-lived since Chinese officials did not confirm any new talks.

In Tokyo, real estate firms led gains, with Mitsui Fudosan rising 2.24 percent to 2,528 yen and Mitsubishi Estate trading up 2.57 percent at 2,048 yen.

Nintendo rose 0.24 percent to 40,350 yen as Sony edged up 0.18 percent to 5,893, but Toyota fell 0.43 percent to 6,889 yen.

Copyright AFP (Agence France-Press), 2019
 

Comments

Comments are closed.