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Japan stocks higher at close of trade; Nikkei 225 up 1.27%

Published 05/31/2024, 02:30 AM
© Reuters.  Japan stocks higher at close of trade; Nikkei 225 up 1.27%

Investing.com – Japan stocks were higher after the close on Friday, as gains in the Paper & Pulp, Manufacturing and Transportation Equipment sectors led shares higher.

At the close in Tokyo, the Nikkei 225 rose 1.27%.

The best performers of the session on the Nikkei 225 were Sumitomo Dainippon Pharma Co Ltd (TYO:4506), which rose 6.64% or 19.00 points to trade at 305.00 at the close. Meanwhile, Tokyo Electric Power Co., Inc. (TYO:9501) added 6.11% or 54.10 points to end at 939.60 and IHI Corp. (TYO:7013) was up 5.72% or 219.00 points to 4,048.00 in late trade.

The worst performers of the session were Tokyo Electron Ltd. (TYO:8035), which fell 2.52% or 870.00 points to trade at 33,630.00 at the close. Omron Cor (TYO:6645) declined 1.83% or 96.00 points to end at 5,138.00 and Bandai Namco Holdings Inc (TYO:7832) was down 1.65% or 48.00 points to 2,862.00.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 3143 to 554 and 176 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 4.88% to 17.62.

Crude oil for July delivery was down 0.17% or 0.13 to $77.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.04% or 0.03 to hit $81.85 a barrel, while the August Gold Futures contract fell 0.09% or 2.20 to trade at $2,364.30 a troy ounce.

USD/JPY was up 0.08% to 156.93, while EUR/JPY fell 0.05% to 169.78.

The US Dollar Index Futures was up 0.14% at 104.80.

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