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8 Jan 2015
Nikkei jumps 2%, Taiyo Yuden rallies 10%
FXStreet (Mumbai) - The Japanese equities index climbs higher after opening with a sharp positive gap of 188 points tracking solid leads from Wall Street overnight as traders cheered Wall Street’s first positive close this year.
The benchmark Nikkei 225 index trades higher by nearly 2% or 320 points at 17206.12, compared to previous session’s close of 16885.33. The index jumped today following a weaker yen and a recovery in the price of crude oil aiding sentiment.
The index breadth is positive with an advance-decline ratio of 200:19. Among the major gainers, Taiyo Yuden Co Ltd leads the index gaining 10.05% followed by SCREEN Holdings Co Ltd which is up 7.17% and Nippon Yusen KK gaining 6.25%.
Unitika Ltd is the top loser on the index, losing -3.23% followed by TOTO Ltd, Credit Saison Co Ltd and Pioneer Corp, losing -1.63% to -2.71%
Nikkei Technical Levels
The index has an immediate resistance stands at 17540 above which gains could be extended to 17700 levels. Meanwhile, support is seen at 17k levels and from here to 16819.73 (Dec 17 Close) levels.
The benchmark Nikkei 225 index trades higher by nearly 2% or 320 points at 17206.12, compared to previous session’s close of 16885.33. The index jumped today following a weaker yen and a recovery in the price of crude oil aiding sentiment.
The index breadth is positive with an advance-decline ratio of 200:19. Among the major gainers, Taiyo Yuden Co Ltd leads the index gaining 10.05% followed by SCREEN Holdings Co Ltd which is up 7.17% and Nippon Yusen KK gaining 6.25%.
Unitika Ltd is the top loser on the index, losing -3.23% followed by TOTO Ltd, Credit Saison Co Ltd and Pioneer Corp, losing -1.63% to -2.71%
Nikkei Technical Levels
The index has an immediate resistance stands at 17540 above which gains could be extended to 17700 levels. Meanwhile, support is seen at 17k levels and from here to 16819.73 (Dec 17 Close) levels.