The Japanese stock market closed growth
December 24, 2008 – 6:52 amJapanese stock market on Thursday November 27, shut down growth, led by shares of commodity and shipping companies.
Securities commodity and shipping companies went up after the prices of raw materials against the backdrop of the Central Bank of China’s decision to lower the discount rate to 108 basis points to support economic growth: Inpex Corp (+9,98%), Sumitomo Metal Mining Co Ltd (+8,87%), Mitsui & Co Ltd (+7,72%), Mitsubishi Corp (+5, 69%), Mitsui OSK Lines Ltd (+7,42%), Nippon Yusen KK (+6,51%), Kawasaki Kisen Kaisha Ltd (+5,19%).
On the other hand against a background of strengthening the national currency, as well as reducing personal spending and orders for durable goods in the U.S., divergent dynamics of bidding demonstrated the shares of leading Japanese exporters: Panasonic Corp (-4,68%), Sony Corp (+1,08%), NEC Corp (+2,62%), Nissan Motor Co Ltd (-2,67%), Mazda Motor Corp (-2,5%), Honda Motor Co Ltd (-1, 46%), Toyota Motor Corp (-1,17%), Mitsubishi Motors Corp (-0,74 %).
Additional negative momentum securities Panasonic Corp gave the rumors that the company could lower forecast for profits.
After bidding Nikkei 225 index rose 1.95% to 8373.39 point; Topix – at 1.45% to 829.03 point.
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