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Japan stocks higher at close of trade; Nikkei 225 up 1.11%

Published 03/06/2023, 02:35 AM
© Reuters.  Japan stocks higher at close of trade; Nikkei 225 up 1.11%

Investing.com – Japan stocks were higher after the close on Monday, as gains in the Steel, Retail and Paper & Pulp sectors led shares higher.

At the close in Tokyo, the Nikkei 225 added 1.11% to hit a new 3-months high.

The best performers of the session on the Nikkei 225 were Shin-Etsu Chemical Co., Ltd. (TYO:4063), which rose 3.13% or 615.00 points to trade at 20,280.00 at the close. Meanwhile, Tokyo Electron Ltd. (TYO:8035) added 3.12% or 1,470.00 points to end at 48,600.00 and SUMCO Corp. (TYO:3436) was up 2.85% or 54.00 points to 1,949.00 in late trade.

The worst performers of the session were Sumitomo Dainippon Pharma Co Ltd (TYO:4506), which fell 2.14% or 18.00 points to trade at 822.00 at the close. Eisai Co., Ltd. (TYO:4523) declined 1.81% or 137.00 points to end at 7,425.00 and Inpex Corp. (TYO:1605) was down 1.45% or 22.00 points to 1,495.00.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2353 to 1215 and 266 ended unchanged.

Shares in Shin-Etsu Chemical Co., Ltd. (TYO:4063) rose to 52-week highs; gaining 3.13% or 615.00 to 20,280.00. Shares in Sumitomo Dainippon Pharma Co Ltd (TYO:4506) fell to 5-year lows; losing 2.14% or 18.00 to 822.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 1.89% to 16.19.

Crude oil for April delivery was down 0.59% or 0.47 to $79.21 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 0.62% or 0.53 to hit $85.30 a barrel, while the April Gold Futures contract rose 0.39% or 7.30 to trade at $1,861.90 a troy ounce.

USD/JPY was down 0.20% to 135.59, while EUR/JPY fell 0.01% to 144.44.

The US Dollar Index Futures was down 0.14% at 104.34.

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