Friday, September 16, 2005

Tokyo equity markets mixed

by Brian Turner

Tokyo’s equities markets were mixed on Friday on profit-taking and declines in the technology, information and communication, and real estate sectors.

The Nikkei 225 lost 0.2 percent to 12,958.68, while the Topix index gained just 0.1 percent to 1,328.84.

Liquid crystal display makers had a tough day of it after South Korean company Samsung said that it could cut investment in LCDs by a significant amount if profitability keeps declining. On that news Sharp, which is the biggest LCD panel manufacturer in Japan, lost 1.2 percent to ¥1,625. In addition Nikon, a manufacturer of LCD steppers, dropped 1.6 percent to ¥1,447.

Electronics parts maker TDK declined by 2.7 percent to ¥8,170 when JP Morgan downgraded the company from “overweight” to “neutral”. Mitsui Fudosan was down 1.7 percent to ¥1,594 as the real estate sector as a whole dropped 0.6 percent.

The securities sector, however, saw a gain of 2 percent, and Japan’s biggest securities house, Nomura, gained 2.1 percent to ¥1,577. Fuji Fire & Marine Insurance gained 12.2 percent to ¥410 on an initial rating of “buy” from Merrill Lynch.

 

 

Add to Bookmarks:

  • ADD TO NETSCAPE
    •    
  • ADD TO DEL.ICIO.US
    •    
  • ADD TO DIGG
    •    
  • ADD TO FURL
  • ADD TO STUMBLEUPON
    •    
  • ADD TO YAHOO MYWEB
    •    
  • ADD TO GOOGLE
    •    
  • ADD TO SPURL

 

Stories related to: Tokyo equity markets mixed

 

 

Visited 58 times, 1 so far today