2023-09-27 08:43:54
Japan
Sky News Arabia – Abu Dhabi
08:41 – September 27, 2023 Japanese Nikki – Archive
Japan’s Nikkei index closed higher on Wednesday and recovered from its lowest level in a month as investors snapped up company shares to secure shares of their dividends.
The Nikkei rose 0.18 percent to 32,371.90 points after falling to 31,960.32 points, the lowest level since August 28.
The broader Topix index rose 0.32 percent to 2,379.53 points.
Investors needed to buy shares at the end of today’s session so that they would have the right to receive distributions from company profits, which marks September as the end of the first half of the fiscal year.
Advantest, a maker of chip testing equipment, recovered early losses to end the session with a 1.74 percent rise, providing the biggest support to the Nikkei.
Shares of Daiichi Sankyo and Chugai Pharmaceutical Industries rose 3.52 percent and 4.07 percent, respectively. The pharmaceutical sector rose 1.72 percent, becoming the best performing sub-sector on the Tokyo Stock Exchange.
But the shares of Fast Retailing, which owns the Uniqlo brand, fell 1.52 percent, which put the greatest pressure on the Nikkei index.
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