Market Ascent: Points and Trading Incentives

market ascent: Both indexes moved around Wednesday's closing levels for most of the session amid a dearth of strong trading incentives, according to The Japan Times. Hopes for progress in the ongoing U.S.-China trade negotiations continued to underpin the market, but its topside was weighed on by selling to lock in profits, brokers said. The 225-issue Nikkei average edged up 11.74 points, or 0.05 percent, to end at 21,724.95, after gaining 207.90 points Wednesday. ; Meanwhile, the Topix index of all first-section issues closed down 1.72 points, or 0.11 percent, at 1,620.05, following its 10.08-point rally the previous day. The recent market ascent was so fast that players found it advisable to take profits for now, said Mitsuo Shimizu, chief strategist at Aizawa Securities Co. Buying sentiment receded, especially late in the morning, as the Nikkei came closer to a key technical resistance line around 21,900, Shimizu said. The Nikkei gained over 670 points in the four sessions through Wednesday. (news.financializer.com). As reported in the news.