Tokyo stocks soared Monday with key stock indexes ending the day at fresh four-year highs following the landslide victory by Prime Minister Junichiro Koizumi's Liberal Democratic Party in Sunday's general election.

The 225-issue Nikkei Stock Average surged 204.39 points, or 1.61 percent, to 12,896.43, marking the highest closing since June 29, 2001.

The Tokyo Stock Price Index of all First Section issues on the Tokyo Stock Exchange gained 16.45 points, or 1.27 percent, to 1,309.80, for the highest finish since June 8, 2001.

A broad range of stocks drew buying as investors welcomed political stability after the LDP and its coalition partner, the New Komeito party, grabbed 327 seats, more than a two-thirds majority of the 480-member House of Representatives, brokers said.

Winning issues far outnumbered losers at 1,161 to 373, with 125shares ending unchanged.

All sectors except mining and fishery-related issues advanced.

The most notable gainers were financial and domestic demand-related stocks, such as insurance, banking and real estate issues.

Mizuho Financial Group was the most heavily traded issue by value. It climbed 27,000 yen to 640,000 yen, followed by Sumitomo Mitsui Financial Group, up 35,000 yen to 929,000 yen.

Specialized nickel processor S-Science was the day's volume leader, up 8 yen to 62 yen.

However, energy-related issues, such as Inpex and Nippon Oil, dipped in view of a pause in rising crude oil prices.

Trading volume on the TSE's main section totaled 2,235.30 million shares against Friday's record 3,038.46 million shares.

The TSE's Second Section index added 46.72 points, or 1.20 percent, to finish at 3,941.29 on a volume of 472.30 million shares.

Source: Xinhua