securities firm: On Thursday, the key market gauge rose 29.48 points. ; The Topix, including all first-section issues, finished down 5.62 points, or 0.35 percent, at 1,621.22, after gaining 5.96 points the previous day, according to The Japan Times. Both indexes fell for the first time in three sessions. The benchmark Nikkei 225 average lost 119.80 points, or 0.60 percent, to close at 19,959.84. The market was hit by profit-taking after the Nikkei average gained some 124 points in the past two days, brokers said. Some market players sold shares of some companies for funds to buy other issues, an official of a bank-affiliated securities firm said, indicating that they are apparently intending to invest in companies which are expected to release strong earnings. Companies which announced disappointing earnings came under selling pressure, they also said.
(news.financializer.com). As
reported in the news.
Tagged under securities firm, market gauge topics.