The Tokyo Stock Exchange ended slightly higher yesterday, taking advantage of an important line of support and appeal for securities trading companies.The figures for industrial production and retail sales in China, released better than expected, also supported the Tokyo Stock Exchange.
The Nikkei gained 37.22 points to 9,963.14 and the Topix, broader took 3.34 points (0.39%) to 860.53. The debt crisis in Europe, however, remained in the minds and the trading volume remained moderate in cash.
“Whatever may be said, the situation in Europe has not really changed, so I’m not very comfortable with this increase,” said Hideyuki Ishiguro, of Okasan Securities.
The bank Credit Suisse has initiated coverage of trading companies with an assessment to “outperform” on the sector, leading to a rally on the values.
The leader of Japan, Mitsubishi Corp., has awarded 1.82% to 2,069 yen.