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Japan shares higher at close of trade; Nikkei 225 up 0.77%

Published 19/05/2023, 05:35 pm
© Reuters.  Japan shares higher at close of trade; Nikkei 225 up 0.77%

Investing.com – Japan equities were higher at the close on Friday, as gains in the Precision Instruments, Electrical/Machinery and Machinery sectors propelled shares higher.

At the close in Tokyo, the Nikkei 225 rose 0.77% to hit a new 5-year high.

The biggest gainers of the session on the Nikkei 225 were Ricoh Co., Ltd. (TYO:7752), which rose 7.69% or 81.00 points to trade at 1,134.00 at the close. Yaskawa Electric Corp. (TYO:6506) added 5.38% or 300.00 points to end at 5,880.00 and Japan Steel Works Ltd (TYO:5631) was up 4.97% or 128.00 points to 2,705.00 in late trade.

Biggest losers included Advantest Corp. (TYO:6857), which lost 2.86% or 410.00 points to trade at 13,910.00 in late trade. Kobe Steel, Ltd. (TYO:5406) declined 2.84% or 32.00 points to end at 1,096.00 and Nippon Paper Industries Co., Ltd. (TYO:3863) shed 2.83% or 32.00 points to 1,098.00.

Declining stocks outnumbered rising ones by 1789 to 1786 and 271 ended unchanged on the Tokyo Stock Exchange.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 15.13% to 20.47 a new 1-month high.

In commodities trading, Crude oil for June delivery was up 0.97% or 0.70 to $72.56 a barrel. Meanwhile, Brent oil for delivery in July rose 1.04% or 0.79 to hit $76.65 a barrel, while the June Gold Futures contract rose 0.38% or 7.45 to trade at $1,967.25 a troy ounce.

USD/JPY was down 0.37% to 138.18, while EUR/JPY fell 0.32% to 148.92.

The US Dollar Index Futures was down 0.15% at 103.30.

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