Market Gauge: Points and Capital Spending

market gauge: On Wednesday, the key market gauge fell 27.28 points, according to The Japan Times. The Topix index of all first-section issues ended up 17.77 points, or 1.13 percent, at 1,586.14, after losing 4.30 points the previous day. The 225-issue Nikkei stock average rose 209.46 points, or 1.07 percent, to finish at 19,860.03. Tokyo stocks attracted hefty purchases after Finance Ministry data, released just before the opening bell, showed that capital spending by Japanese nonfinancial firms in the first quarter of this year rose 4.5 percent from a year before, brokers said. The market's advance was also attributed to buying on dips after the Nikkei average fell for four straight sessions through Wednesday, brokers said. The growth was better than a median forecast of a 4.0 percent increase in a Jiji Press poll of five economic research institutes. (news.financializer.com). As reported in the news.