Nikkei rises on Monday as Cyprus agrees to bailiout pre-conditions

Source: Dukascopy Bank SA
Japanese equities advanced, as Cyprus policy makers agreed to the outlines of a bailout. The Nikkei 225 rose 1.7%, or 207.93 points, to 12,546.46, registering its highest value since September 2008. All sectors included in the gauge posted gains with consumer services and telecommunications adding 3.8% and 2.3%, respectively. 168 out of 225 companies posted gains in their stock prices. Furukawa Co Ltd soared 21.8% to 123 yen, as the industrial machinery producer raised its dividend forecast. Takashimaya Co Ltd, a department store operator, jumped 7.5% to 970 yen on announcement that the retailer plans to open its online shops by year-end. Tokyo Tatemono Co Ltd followed with a 5.9% surge to close at 650 yen. Meanwhile, Nippon Yusen KK plummeted 4.1% to 258 yen, trading close to its highest annual value. Furthermore, Konica Minolta Holdings Inc lost 2.9% to 750 yen, as the company's investment rating was downgraded. Nippon Sheet Glass Co Ltd, a Japanese glass manufacturer, declined 2.8% to close at 106 yen.
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Mon, 25 Mar 2013 12:37:06 GMT

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Mon, 25 Mar 2013 12:59:10 GMT

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