Equities News Equities News
Equity Market News 06th February 2012

Equity Org Headlines:

Essar Energy adds 3 percent in mostly lower London energy sector

Antofagasta leads miners higher in London

Hunting plc leads energy sector lower

Sports Direct International leads London retailers higher

Pace plc drops 40 percent on profits warning

Royal Bank of Scotland leads London banks lower

Royal Bank of Scotland leads banks, FTSE 100 higher in London

Lloyds Banking Group drops 8 percent on first-quarter loss

Lloyds shares down on PPI claims

Aquarius Platinum adds 7 percent amid mostly lower mining sector

29/07/05

Permalink 05:09:42 pm, Categories: Tokyo Nikkei & Topix, Technology, Electronics, 198 words  

Nikkei continues high on economy hopes

In Tokyo on Friday the Nikkei 225 found itself at yet another four month high at the close on a combination of hopeful economic data, including the best jobs-to-applicants figures in over 10 years, good quarterly earnings reports, and strong results on the day from several companies.

Even so, the market’s overall rise was held back by other earnings results that were not as strong as others. The Nikkei was up 0.35 on the day to 11,899.60, while the Topix index gained 0.3 percent to 1,204.98.

Matsushita Electrical Industrial was up 5 percent to ¥1,832 on a more positive quarterly earnings report than had been expected.

Sony, however, fell 3.6 percent on a weak quarterly report and a full-year forecast that was cut by over 80 percent. Sony blamed weak sales and price declines in its television division for the unfavorable report.

Electronic parts manufacturer Kyocera lost 3.4 percent to ¥7,930 on a report of a 61 percent decline in quarterly profits. UBS subsequently downgraded Kyocera to “Neutral 2”.

Cosmetics manufacturer Shiseido, Japan’s largest, gained 8.3 percent to ¥1,532 on a quarterly report that showed the company returning to profits.

The company gave credit for the improvement to good sales in Japan and China and upgraded its full-year profit forecast by 35 percent.

Permalink