Japan stocks higher at close of trade; Nikkei 225 up 0.83%

Japan stocks higher at close of trade; Nikkei 225 up 0.83%

May 31, 2018

Investing.com – Japan stocks were higher after the close on Thursday, as gains in the Mining, Gas&Water and Communication sectors led shares higher.

At the close in Tokyo, the Nikkei 225 gained 0.83%.

The best performers of the session on the Nikkei 225 were Sumitomo Osaka Cement Co., Ltd. (T:5232), which rose 6.02% or 29.0 points to trade at 511.0 at the close. Meanwhile, Shiseido Co., Ltd. (T:4911) added 5.14% or 422.0 points to end at 8626.0 and Tokai Carbon Co., Ltd. (T:5301) was up 5.08% or 108.0 points to 2233.0 in late trade.

The worst performers of the session were Kawasaki Kisen Kaisha, Ltd. (T:9107), which fell 3.22% or 74.5 points to trade at 2241.0 at the close. Pioneer Corp. (T:6773) declined 2.52% or 4.0 points to end at 155.0 and Ube Industries, Ltd. (T:4208) was down 2.37% or 75.0 points to 3095.0.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1996 to 1328 and 230 ended unchanged.

Shares in Kawasaki Kisen Kaisha, Ltd. (T:9107) fell to 52-week lows; falling 3.22% or 74.5 to 2241.0. Shares in Shiseido Co., Ltd. (T:4911) rose to all time highs; gaining 5.14% or 422.0 to 8626.0. Shares in Pioneer Corp. (T:6773) fell to 3-years lows; falling 2.52% or 4.0 to 155.0. Shares in Tokai Carbon Co., Ltd. (T:5301) rose to all time highs; gaining 5.08% or 108.0 to 2233.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 18.14% to 18.89 a new 1-month high.

Crude oil for July delivery was down 0.51% or 0.35 to $67.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.40% or 0.31 to hit $77.41 a barrel, while the June Gold Futures contract rose 0.25% or 3.20 to trade at $1304.70 a troy ounce.

USD/JPY was down 0.06% to 108.85, while EUR/JPY rose 0.39% to 127.53.

The US Dollar Index Futures was down 0.34% at 93.74.

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