AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

TOKYO: Japan’s Nikkei index ended higher on Wednesday, rebounding from the previous session’s losses, as investors scooped up shares of Daikin Industries and other firms that reported robust earnings.

The Nikkei share average gained 0.53% to 27,741.90, after shedding 1.42% on Tuesday in its biggest daily loss in three weeks.

The broader Topix edged up 0.27% to 1,930.77.

“Investors looked for stocks with positive earnings results and that gave a boost to the Japanese market,” said Maki Sawada, a strategist at Nomura Securities.

Tokyo stocks close higher with eyes on earnings

“Also, they bought stocks after a drop in the previous session.” Risk sentiment was helped by US House Speaker Nancy Pelosi’s safe arrival in Taiwan, despite threats of action from China, which views the island as a breakaway province.

In Japan, Daikin Industries jumped 3.96% as the air-conditioning systems maker lifted its outlook, while West Japan Railway rose 3.47% after posting a quarterly operating profit.

Sanrio surged 12.85% after the owner of Hello Kitty brand raised its outlook and dividend payout forecast. Uniqlo clothing shop owner Fast Retailing rose 1.5% and was the biggest boost to the Nikkei.

Chip equipment maker Tokyo Electron rose 0.96% and technology investor SoftBank Group gained 0.84%. Game maker Nintendo Co lost 1.9% and was the worst performer among the top 30 core Topix names, followed by Mitsubishi UFJ Financial Group Inc, losing 1.81%.

There were 108 advancers on the Nikkei index against 111 decliners.

The volume of shares traded on the Tokyo Stock Exchange’s main board was 1.22 billion, compared to the average of 1.18 billion in the past 30 days.

Comments

Comments are closed.