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Japan shares higher at close of trade; Nikkei 225 up 2.29%

Published 29/07/2024, 07:30
© Reuters.  Japan shares higher at close of trade; Nikkei 225 up 2.29%
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Investing.com – Japan equities were higher at the close on Monday, as gains in the Chemical, Petroleum & Plastic, Textile and Services sectors propelled shares higher.

At the close in Tokyo, the Nikkei 225 added 2.29%.

The biggest gainers of the session on the Nikkei 225 were Shin-Etsu Chemical Co., Ltd. (TYO:4063), which rose 8.57% or 540.00 points to trade at 6,844.00 at the close. Rakuten Inc (TYO:4755) added 7.56% or 63.50 points to end at 903.80 and SUMCO Corp. (TYO:3436) was up 6.94% or 162.50 points to 2,503.50 in late trade.

Biggest losers included Eisai Co., Ltd. (TYO:4523), which lost 12.98% or 860.00 points to trade at 5,768.00 in late trade. Hitachi Construction Machinery Co (TYO:6305) declined 9.54% or 397.00 points to end at 3,764.00 and Dainippon Screen Mfg. Co., Ltd. (TYO:7735) shed 7.26% or 925.00 points to 11,810.00.

Advancing stocks outnumbered falling ones by 3168 to 542 and 162 ended unchanged on the Tokyo Stock Exchange.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 0.82% to 22.20 a new 3-month high.

In commodities trading, Crude oil for September delivery was up 0.57% or 0.44 to $77.60 a barrel. Meanwhile, Brent oil for delivery in October rose 0.60% or 0.48 to hit $80.76 a barrel, while the December Gold Futures contract rose 0.40% or 9.60 to trade at $2,437.50 a troy ounce.

USD/JPY was down 0.26% to 153.32, while EUR/JPY fell 0.25% to 166.50.

The US Dollar Index Futures was down 0.07% at 103.99.

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