TOKYO, Sept. 27 (Xinhua) — Tokyo shares closed larger on Wednesday as traders right here actively purchased into futures regardless of in a single day Wall Street losses.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended up 56.85 factors, or 0.18 %, from Tuesday to shut the day at 32,371.90.
The broader Topix index, in the meantime, completed 7.59 factors, or 0.32 %, larger at 2,379.53.
Despite losses within the morning session, the Tokyo market ended with slight features because the buying and selling day attracted ex-dividend patrons whereas institutional traders have been additionally shopping for into futures by dividend reinvestment.
Market watchers right here famous that short-term traders have been additionally actively shopping for into futures contracts.
The market was additionally supported by curiosity rates-sensitive development shares because the yield on newly-issued 10-year Japanese authorities bonds, an indicator of the long-term fee within the home bond market, declined, triggered by the Bank of Japan’s notification of its common buy of presidency bonds.
On the top-tier Prime market, the principle gainers have been pharmaceutical, actual property, and oil and coal points.
Issues that rose outpaced those who fell by 1,313 to 477, whereas 46 ended the day unchanged.