AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,809 Increased By 41.1 (0.42%)
BR30 29,711 Increased By 311.1 (1.06%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)

TOKYO: Japan’s Nikkei share average rose on Tuesday, rebounding from a sharp decline on Friday – its most recent trading session – led by stocks that reported robust outlooks.

The Nikkei rose 1.11% to 38,474.66 by the midday break, after opening 0.58% higher.

That followed a 2.63% drop on Friday in its biggest daily decline in a month.

Markets were closed on Monday for a public holiday.

The broader Topix was up 0.73% to 2,663.58.

Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory, said investors clearly had more appetite for the upside following the opening, which pushed the early rally further.

“But the momentum will not last long as investors are cautious until they confirm the results of the US presidential election.

The Nikkei’s volatility is still high,“ said Suzuki.

The Nikkei volatility index rose 20.55% to 31.39.

The Tokyo Stock Exchange (TSE) is increasing its trading hours by 30 minutes to 1530 JST (0630 GMT) on Tuesday to try to boost trading volume.

Heavyweight TDK surged 7% after the electronic components maker raised its annual operating profit forecast on Friday to 220 billion yen ($1.45 billion), 27% higher than a year earlier.

Japan stocks rally as yen tumbles

Nomura Holdings jumped 8% after the brokerage reported on Friday that it had more than doubled its quarterly profit to the highest level in four years.

The brokerage sector rose 4.49% to become the top performer among the Tokyo Stock Exchange’s 33 industry sub-indexes.

Sanrio surged 14% after the owner of the ‘Hello Kitty’ brand raised its annual net profit forecast.

Comments

200 characters