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16 Mar 2015
Nikkei hits fresh 15-yr highs on renewed optimism
FXStreet (Mumbai) - The Japanese equities index extends its uptrend and jumped to fresh fifteen year highs on renewed optimism about the outlook for the Japanese economy. However, gains were limited as traders await BOJ decision tomorrow for fresh insights on the Japanese economy.
The benchmark Nikkei 225 index 0.28% higher at 19307 levels, retreating from fifteen year highs of 19349.20. The index edged higher after a weak open following the negative cues from Wall Street on Friday and lower crude oil prices. The index defends remains underpinned with Japanese shares experiencing soft gains as financials started strong.
The index trades with a positive market breadth, the advance-decline ratio being 113:99. Comsys Holdings Corp is the top gainer rallying 3.72%, Maruha Nichiro Corp is up 1.25%. Among the top losers, Inpex Corp is down -3.95%. While, Sony Corp is lower nearly 3%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19349.20. Meanwhile, support is seen at 19042 levels and from here to 18900 levels.
The benchmark Nikkei 225 index 0.28% higher at 19307 levels, retreating from fifteen year highs of 19349.20. The index edged higher after a weak open following the negative cues from Wall Street on Friday and lower crude oil prices. The index defends remains underpinned with Japanese shares experiencing soft gains as financials started strong.
The index trades with a positive market breadth, the advance-decline ratio being 113:99. Comsys Holdings Corp is the top gainer rallying 3.72%, Maruha Nichiro Corp is up 1.25%. Among the top losers, Inpex Corp is down -3.95%. While, Sony Corp is lower nearly 3%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19349.20. Meanwhile, support is seen at 19042 levels and from here to 18900 levels.