Tokyo stocks fall 0.79% on profit taking
- Source: Xinhua
- [16:18 August 25 2009]
- Comments
Tokyo stocks fell Tuesday as investors rushed to sell stocks to lock in their profits logged in the previous trading days.
The benchmark Nikkei-225 index lost 83.69 points, or 0.79 percent, from Monday to 10,497.36.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 5.16 points, or 0.53 percent, to 965.11.
Declines were led by air transport issues including Japan Airlines and All Nippon Airways, fish and forestry, and service issues. Gainers included marine transport, glass and ceramics, and chemical issues.
JAL fell 3 yen, or nearly 2 percent, to 169 yen, following reports that Japan's largest airline is considering cutting around10 percent of its group workforce in three years to March 2012.
On the First Section, declining issues outnumbered advancing ones 1,125 to 424, with 146 others finishing unchanged.
Bucking the trend, NGK Insulators gained 80 yen, or nearly 4 percent, to 2,270 yen after the Nikkei business daily reported the company has received 60 billion yen in orders from Abu Dhabi for sodium-sulfur batteries.
Value leader Toshiba rose 6 yen, or over 1 percent, to 471 yen while volume leader Mizuho Financial Group lost 4 yen, or nearly 2 percent, to 225 yen.
Trading volume on the main section came to 1,852.48 million shares, compared with Monday's 1,758.98 million shares.
The TSE's Second Section index gained 1.49 points, or 0.06 percent, to 2,326.76 on a volume of 38.23 million shares. On the Osaka Securities Exchange, the near-term September Nikkei 225 index futures contract was down 50 points to 10,500.
