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Home >> Business
UPDATED: 16:50, August 14, 2006
Tokyo stocks rally in thin trading
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Tokyo stocks rallied almost across the board Monday on the back of resurgent economic optimism, overcoming a large-scale power outage that hit the metropolitan area in the morning and a resultant system glitch that forced the Nikkei index to stop updating in the early afternoon.

The Tokyo Stock Price Index of all First Section issues on the Tokyo Stock Exchange rose 23.10 points, or 1.46 percent, to 1,601. 02, climbing above the 1,600 line for the first time in six weeks.

The 225-issue Nikkei Stock Average advanced 292.09 points, or 1. 88 percent, to end at 15,857.11, its highest close in two and a half months. The index froze after being quoted at 15,790.82, up 225.80 points, or 1.45 percent, as of 1:25 p.m.

Advancing issues led declining ones 1,365 to 238, with 90 shares ending unchanged.

Trading volume on the TSE's main section came to 1,308.35 million shares, compared with Friday's 1,695.68 million shares.

Softbank was the most heavily traded issue in terms of value, rising 35 yen to 2,380 yen.

Nippon Steel was the day's volume leader, going down 3 yen to 470 yen.

The TSE's Second Section index gained 38.00 points, or 0.91 percent, to 4,202.45 on a volume of 65.09 million shares. In Osaka, the near-term September Nikkei 225 index futures contract climbed 230 points to 15,830.

Source: Xinhua


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