Profit-Taking Activities: Points and Wall Street

profit-taking activities: The index added 4.22 points the previous day, according to The Japan Times. Getting off to a mixed start following a modest pullback on Wall Street on Wednesday, the Tokyo market went south as investors apparently moved to cash in gains from the recent rally. The 225-issue Nikkei average dived 187.85 points, or 0.84 percent, to end at 22,090.12, after rising 56.31 points on Wednesday. ; The Topix index of all first-section issues closed down 15.71 points, or 0.96 percent, at 1,614.97. Both indexes kept sinking in the afternoon, pressured by persistent profit-taking activities and the yen's strengthening against the dollar, brokers said. As the Nikkei gained some 590 points in the past five sessions, investors' shift to the sell side was a natural move, a brokerage official said. In addition, selling to square positions hit the market ahead of the Easter weekend overseas including Good Friday, said Hiroaki Hiwada, strategist at Toyo Securities Co. (news.financializer.com). As reported in the news.