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Nikkei Gives Up Some Gains on Friday

September 24th, 2007 · No Comments

Japan market summary for Friday (Sept. 21)
Nikkei 225 Stock Average: -101.18 (-0.6%) to 16,312.61
Nikkei 225 futures Osaka: -110 (-0.7%) to 16,270, Singapore (SGX) -115 (0.7%) to 16,265, Chicago (CME) *9/20 -265 (-1.6%) to 16,215 ** 9/21 +185 (+1.1%) to 16,400
TOPIX: -14.77 (-0.9%) to 1,552.07; Advancers 488 x decliners 1,142 (unch. 95), New highs 9 x new lows 242; 10/33 sectors posted gains
Jasdaq: -8.11 (-0.4%) to 1,819.38
Yen: strengthened about 0.2% against US$ to 115.20 - 115.25 level late in Tokyo; mostly flat against euro around 162.15 level
Notes: First decline in three sessions, partially blamed on US stocks trading lower and a stronger yen. Continued broad weakness in financial sector including bank and consumer credit stocks. Stocks went ex-dividend (interim dividend) — seen impacting Nikkei 225 by about 0.5% or 70 to 80 points; selling of high dividend paying stocks expected. The market is closed Monday for a national holiday; trading resumes Tuesday.

Tags: Market Summary

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