The Nikkei index ended Thursday’s session on the rise as investors bought shares after a strong selling wave to take profits this week coinciding with the beginning of the new fiscal year.
The Nikkei rose 0.81 percent at the close, recording 39,773.14 points, after rising during the session by up to two percent, exceeding 40,000 points.
The broader Topix index closed with an increase of 0.94 percent, recording 2732.00 points.
The shares of the chip-related company Socionext increased 17.55 percent, reaching the daily high limit, after Morgan Stanley Securities raised the recommendation for the stock.
Fanuc, a manufacturer of robots, rose 3.16 percent, and SoftBank Group, which invests in emerging technology companies, rose 1.07 percent.
During its decline in the previous session, the Nikkei recorded a decline of 4.6 percent from a record high level recorded on March 22.
Kao shares rose 5.14 percent, after Hong Kong-based investment company Oasis Management said it would begin a campaign to rebrand the cosmetics company and develop marketing for its products.
Itoshu shares rose for the second session and rose 0.68 percent, after the trading company said yesterday, Wednesday, that it aims to boost profits to reach a record level of 880 billion yen, up from estimates of 800 billion yen in the fiscal year that ended, and the company’s shares witnessed an increase of 6.4 percent in the previous session. .
2024-04-04 08:15:32
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