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Nikkei Lower on Profit-Taking at Quarter-End after Strong Week

September 30th, 2007 · No Comments

Japan market summary for Friday (Sept. 28)
Nikkei 225 Stock Average: -46.53 (-0.3%) to 16,785.69
Nikkei 225 futures Osaka: -30 (-0.2%) to 16,830, Singapore (SGX) -20 (-0.1%) to 16,825, Chicago (CME) *9/27 +355 (+2.1%) to 16,960
TOPIX: +1.47 (+0.1%) to 1,616.62; Advancers 720 x decliners 881 (unch. 118), New highs 15 x new lows 16
Jasdaq: +6.94 (+0.4%) to 1,861.32
Yen: strengthened about 0.1% against US$ to 115.35 level late Fri. in Tokyo; weakened about 0.1% to 163.40 level against euro
Notes: Emerging indices MOTHERS and HERCULES posted gains again, 1.7% and 0.4%, respectively. The Nikkei was up over 100 points early, but closed lower, due again to profit-taking after the big jump Thursday and three-straight positive closes in a holiday-shortened week. There appears to be more buy interest in domestic equities these days, but will it last …? The financial sector remains volatile.

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