13 Jan 2015
Nikkei ends lower as Oil prices rout extends
FXStreet (Mumbai) - The Japanese equities index ended the day lower after re-opening after a holiday with a sharp negative gap of around 200 points tracking the weak cues overnight on Wall Street and the fall in crude oil prices.
The benchmark Nikkei 225 index closed at 17087.71, down -0.64%, compared to previous session’s close of 17197.73. The index erased sharp losses from the opening and recovered slightly during the session as yen lost ground versus the US dollar.
The index breadth ended negative with an advance-decline ratio of 66:154. Aeon Co Ltd was the top loser on the index, losing -5.57% followed by Sompo Japan Nipponko, Advantest Corp and Toyo Seikan Group Holdings, losing -3.34% to -4.02%. Among the major gainers, Alps Electric Co Ltd led the index up 3.95% followed by Eisai Co Ltd which gained 3.52% and Shionogi & Co Ltd moved up 3.23%.
Nikkei Technical Levels
The index has an immediate resistance stands at 17111 above which gains could be extended to 17540 levels. Meanwhile, support is seen at 16800 levels and from here to 16670 levels.
The benchmark Nikkei 225 index closed at 17087.71, down -0.64%, compared to previous session’s close of 17197.73. The index erased sharp losses from the opening and recovered slightly during the session as yen lost ground versus the US dollar.
The index breadth ended negative with an advance-decline ratio of 66:154. Aeon Co Ltd was the top loser on the index, losing -5.57% followed by Sompo Japan Nipponko, Advantest Corp and Toyo Seikan Group Holdings, losing -3.34% to -4.02%. Among the major gainers, Alps Electric Co Ltd led the index up 3.95% followed by Eisai Co Ltd which gained 3.52% and Shionogi & Co Ltd moved up 3.23%.
Nikkei Technical Levels
The index has an immediate resistance stands at 17111 above which gains could be extended to 17540 levels. Meanwhile, support is seen at 16800 levels and from here to 16670 levels.