Japan Nikkei extends gain

9 Sep 2022 , 04:26 PM

Japanese share market finished session higher on Friday, 09 September 2022, with nearly all sectors participating in the rally, as risk sentiments brightened on tracking positive lead from Wall Street overnight and better than expected Japans capital spending data. Investors also cheered the receding effects of the seventh wave of the coronavirus in Japan. At closing bell, the 225-issue Nikkei Stock Average index inclined by 149.47 points, or 0.53%, to 28,214.75. The broader Topix index of all First Section issues on the Tokyo Stock Exchange added 7.91 points, or 0.4%, to 1,965.53. for the week, the Nikkei gained 2.04%. Total 26 of 33 TSE sub-indexes closed up, with Marine Transportation, Electric Power & Gas, Real Estate, Mining, Services, Nonferrous Metals, and Pharmaceutical issues being notable gainers, while Air Transportation and Rubber Products issues were notable losers. Shares of heathcare companies advanced, with online healthcare company M3 Inc gaining 2.7%. Pharmaceuticals company Shionogi & Co Ltd rose 2.8% and Chugai Pharmaceutical Co was up 1.7%. Shares of Renovas surged 8% after the company said that its actual electricity sales across all its plants jumped 3.7% year over year in August to 98,438,856 kilowatt-hours. Shares of the platform service company Money Forward jumped 5% after Morgan Stanley Capital International raised the environmental, social, and governance or ESG rating of the company to A from BB. ECONOMIC NEWS: The value of loans in the country reached 587.929 trillion yen ($4.089 trillion) in August, rising 1.9% year over year, which is the fastest pace since May 2021. CURRENCY NEWS: The Japanese yen appreciated to lower 142 level against greenback on Friday after Bank of Japan Governor Haruhiko Kurodas warning against the yens sharp decline. At 5 p.m., the dollar stood at 142.35-36 yen, down from 143.82-83 yen at the same time Thursday. Powered by Capital Market – Live News