AIRLINK 191.84 Decreased By ▼ -1.66 (-0.86%)
BOP 9.87 Increased By ▲ 0.23 (2.39%)
CNERGY 7.67 Increased By ▲ 0.14 (1.86%)
FCCL 37.86 Increased By ▲ 0.16 (0.42%)
FFL 15.76 Increased By ▲ 0.16 (1.03%)
FLYNG 25.31 Decreased By ▼ -0.28 (-1.09%)
HUBC 130.17 Increased By ▲ 3.10 (2.44%)
HUMNL 13.59 Increased By ▲ 0.09 (0.67%)
KEL 4.67 Increased By ▲ 0.09 (1.97%)
KOSM 6.21 Increased By ▲ 0.11 (1.8%)
MLCF 44.29 Increased By ▲ 0.33 (0.75%)
OGDC 206.87 Increased By ▲ 3.63 (1.79%)
PACE 6.56 Increased By ▲ 0.16 (2.5%)
PAEL 40.55 Decreased By ▼ -0.43 (-1.05%)
PIAHCLA 17.59 Increased By ▲ 0.10 (0.57%)
PIBTL 8.07 Increased By ▲ 0.41 (5.35%)
POWER 9.24 Increased By ▲ 0.16 (1.76%)
PPL 178.56 Increased By ▲ 4.31 (2.47%)
PRL 39.08 Increased By ▲ 1.01 (2.65%)
PTC 24.14 Increased By ▲ 0.07 (0.29%)
SEARL 107.85 Increased By ▲ 0.61 (0.57%)
SILK 0.97 No Change ▼ 0.00 (0%)
SSGC 39.11 Increased By ▲ 2.71 (7.45%)
SYM 19.12 Increased By ▲ 0.08 (0.42%)
TELE 8.60 Increased By ▲ 0.36 (4.37%)
TPLP 12.37 Increased By ▲ 0.59 (5.01%)
TRG 66.01 Increased By ▲ 1.13 (1.74%)
WAVESAPP 12.78 Increased By ▲ 1.15 (9.89%)
WTL 1.70 Increased By ▲ 0.02 (1.19%)
YOUW 3.95 Increased By ▲ 0.10 (2.6%)
BR100 11,930 Increased By 162.4 (1.38%)
BR30 35,660 Increased By 695.9 (1.99%)
KSE100 113,206 Increased By 1719 (1.54%)
KSE30 35,565 Increased By 630.8 (1.81%)

TOKYO: Japanese equities closed at new highs on Wednesday, with the weakest yen rate since November boosting automakers, while energy shares outperformed amid a surge in crude oil prices.

The Nikkei 225 share average finished the day up 0.62% to 33,241.02, its highest close in a month.

The broader Topix added 0.62% to 2,392.53, a fresh 33-year peak.

Both indexes extended winning streaks to an eighth straight session, the longest run since mid-May for the Nikkei and since mid-April for the Topix.

“Dollar-yen continues to climb and is making the whole export sector in Japan more competitive,” said Tony Sycamore, a market analyst at IG, who predicts a possible rise to 35,000 for the Nikkei this year. “I don’t really see anything at this time to unsettle the dollar-yen or the Nikkei. They both look extremely robust.”

Transport equipment was among the best-performing of the Tokyo Stock Exchange’s 33 industry groups, jumping 2% as the yen’s slide towards 148 per dollar boosted the value of overseas revenues.

Honda advanced 1.91%, Toyota gained 2.39% and Mazda surged 4.67%.

Oil and coal rallied 1.47%, after crude topped $90 per barrel for the first time since November as Saudi Arabia and Russia extended voluntary supply cuts to the end of the year.

Miners also outperformed, gaining 1.77%.

Securities firms, insurers and banks gained 2.01%, 1.69% and 1.33%, respectively, as a rise in long-term bond yields improved the environment for investing.

Chip-related stocks also rose, with Advantest gaining 3.01% and Tokyo Electron adding 1.94%.

Comments

Comments are closed.