Nikkei Closes Flat Awaiting ECB Announcement

Nigel Thomas
06 Sep, 2012
New York City

Stocks in Tokyo close unchanged ahead of the central bank policy decision in the euro zone. Yamaha Motor Co jumped 11% after it estimated higher motorcycle sales in Indonesia.

[R]6:00 PM Tokyo – Stocks in Tokyo close unchanged ahead of the central bank policy decision in the euro zone. Yamaha Motor Co jumped 11% after it estimated higher motorcycle in Indonesia.[/R]

Stocks in Tokyo closed unchanged and awaited a policy decision from the European Central Bank. The widely expected move is likely to keep interest rates for the bonds of the peripheral nations low and help governments to tackle austerity measures.

The Nikkei 225 Stock Average edged up 0.75 to 8,680.57 and the broader Topix Index inched up 0.91 to 719.

Stocks in Review

Yamaha Motor Co Ltd soared 11% to 727 yen after the motorcycle maker’s chief executive said sales in Indonesia are expected to exceed by 100,000 units above the target of 2.4 million units in the calendar year.

Toyota Motor climbed 1.6% to 3,100 yen, Honda Motor Co. increased 24 yen to 2,472 yen and Nissan Motor Co Ltd closed unchanged at 722 yen.

Nippon Steel added 1 yen to 150 yen and JFE Holdings Inc slumped 20 yen to 956 yen. Tokyo Steel Manufacturing slid 4 yen to 253 yen.

Canon Inc gained 13 yen to 2,476 yen and Seiko Epson Corp slipped 8 yen to 474 yen and Ricoh Co Ltd increased 11 yen to 595 yen. Sony Corp lowered 3 yen at 860.

Panasonic Corp added 6 yen to 528 yen and Toshiba slipped 9 yen to 234 yen and Nikon up 2 yen to 2,078 yen.

Olympus declined 3.7% to 1,449 yen, Nintendo Co. Ltd decreased 20 yen at 8,650 yen, Fujitsu slid 1.9% to 302 yen and Pioneer Corp. increased 7 yen to 219 yen.

Sharp Corp declined 4% to 200 yen after the company’s short term debt rating was cut to junk rating.

Fanuc Ltd climbed 50 yen to 12,600 yen and Komatsu Ltd gained 19 yen to 1,494 yen. Hitachi Construction Machinery Co added 2 yen to 1,260 yen.

FamilyMart Co Ltd, the convenience chain operator dropped 70 yen to 3,670 yen, Lawson gained 10 yen to 5,750 yen and Seven & I Holdings Co declined 59 yen to 2,318 yen. Ito En Ltd slipped 5 yen to 1,545 yen.

Yamada Denki plummeted 90 yen to 3,615 yen. Nitori Holdings Co slumped 30 cents to 7,890 yen, apparel retailer Shimamura increased 30 yen to 8,980 yen and Sagami Co closed unchanged at 116 yen.

Fast Retailing Co. advanced 110 yen to 18,010 yen and J. Front Retailing Co. Ltd added 2 yen to 392 yen.

Kajima Corp closed unchanged at 212 yen and Taisei Corp slid 3 yen to 210 yen. Sekisui House Ltd slipped 12 yen to 721 yen and Daito Trust Construction Co Ltd advanced 40 yen to 7,750 yen.

Tokyo Tatemono Co., Ltd up 1 yen to 261 yen and Mitsui Fudosan increased 23 yen to 1,481 yen and Sumitomo Realty & Development Co. climbed 43 yen to 1,950 yen.

Inpex Corp up 0.6% to 431,000 yen and Japan Petroleum Exploration Co. down 1 yen to 2,880 yen. Tokyo Electric Power Company, Inc. closed unchanged at 123 yen.

Mitsui O.S.K. Lines, Ltd decreased 5 yen to 181 yen and Kawasaki Kisen Kaisha, Ltd closed unchanged at to 94 yen and Nippon Yusen K.K. slipped 8 yen to 144 yen.

Mitsubishi UFJ Financial Group added 3 yen to 354 yen and Sumitomo Mitsui Financial Group increased 22 yen to 2,395 yen. Nomura Holdings, Inc gained 6 yen to 266 yen.

Tokio Marine advanced 36 yen to 1,887 yen and Mito Securities closed unchanged at 135 yen.

Credit Saison Co Ltd climbed 30 yen to 1,872 yen.