Friday, December 8, 2006

Growth in the Japanese stock market

The Basic indexes of the Japanese stock market have reached the maximum for the last month on Wednesday on December 6th. It happened on a background of data about growth of advancing economic parameters and publications of Nihon Keizai in which to be spoken, that dividends of the Japanese companies will achieve a record level this year.

On results of the stock trade at the Tokyo stock exchange on Wednesday:

  • The index Nikkei 225 has grown on 105.52 items, or 0.65%, up to a level of 16371.28.
  • The index of wide market Topix was increased on 16.28 items, or 1.02%, up to a mark 1615.17.

The index of advancing economic parameters has grown in October up to 50%, having reached the four-month maximum. The value of the indicator (exceeding 50%) points out probable growth of economy the nearest 6 months. As has informed Nihon Keizai (being based on results of own research) the sum of dividends of the Japanese companies should achieve a record level of 4,49bln. yens ($39,1billion) on results of fiscal year which will end in March 2007.

Leaders of growth became Tokyo Electric and Matsushita Electric. Their shares have grown, accordingly, on 1.9% and 2.3%.

Shares of banks also were lifted. Shares of the largest bank in Japan Mitsubishi UFJ were increased on 1.4%. Shares of Sumitomo Mitsui Financial have risen in price for 0.8%.

Other indexes of Asian-Pacific region moved differently directed. Hong Kong Hang Seng and Australian ASX have added 0.45% and 0.73%, accordingly. South-Korean stock index Kospi and Chinese Shanghai Composite was lost with 0.48% and 0.77%.

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