Demand-Oriented Names: Market and Points

demand-oriented names: On Friday, the key market gauge jumped 286.03, according to The Japan Times. The Topix index of all first-section issues ended up 3.39 points, or 0.22 percent, at 1,577.40, after climbing 19.33 points the previous trading day. The 225-issue Nikkei average gained 29.14 points, or 0.15 percent, to close at 19,633.75, marking its highest finish since Dec. 7, 2015. After opening weaker on the back of a stronger yen, the Tokyo market wiped out the losses, led by domestic demand-oriented names, brokers said. But the market's topside was heavy throughout the day as investors retreated to the sidelines to see the outcome of the Fed's two-day Federal Open Market Committee meeting from Tuesday, the brokers also said. While the dollar's drop below 115 weighed on export-oriented names, other mainstay issues, such as telecommunications service providers, attracted buying and helped lift the overall market, brokers said. (news.financializer.com). As reported in the news.