For updates visit

Japan's Nikkei ends at 7 year high; 18,300 next key level

Thursday, June 21, 2007

Japan's Nikkei ended up 0.2% at 18240.30 - highest close since 18439.36 on May 2, 2000 - helped by steelmakers, trading houses. But index is still volatile until it tops intraday high of 18300, trades above that level comfortably, says Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Securities.

''Traders are still cautious since ending at this level was just a matter of time,'' he says. JFE Holdings (5411.TO) up 1.1% at Y7,620; Mitsubishi Corp. (8058.TO) up 4.6% at Y3,400; Toshiba (6502.TO) up 2% at Y1,002, 6-year high on expectations for rising chip demand. Financial shares gain on news MUFG (8306.TO) mulling capital tie-up with consumer finance firm Jaccs (8584.TO); Jaccs ends up 4.5% at Y537. Topix closes up 0.3% at 1789.38. (AYT)

Source- Dow Jones

Posted by FR at 5:43 PM  


Post a Comment


Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.