The Nikkei average rebounded in the morning session on the 16th after seven consecutive down days, ending the session at ¥66,550.68, up ¥1,124.73 from the previous day. Advancing stocks outnumbered decliners on the TSE Prime market, accounting for approximately 80% of all issues.
The Nikkei Stock Average rebounded in the morning session on the 16th after seven consecutive down days, ending at ¥66,550.68, up ¥1,124.73 from the previous day. There were 1,338 advancers, 178 decliners and 30 unchanged issues, with advancers accounting for more than 80% of all issues.
Tokyo Electron was the largest positive contributor to the Nikkei, lifting it by ¥111.24. Recruit followed with a ¥55.62 contribution, followed by Ibiden at ¥53.13, SoftBank Group at ¥50.97 and BayCurrent at ¥50.57.
Nissan Chemical was the largest negative contributor, weighing on the index by ¥2.39. Olympus, Kyocera, Takashimaya and Renesas also contributed to the decline.
By sector, 32 of 33 sectors advanced, with electric power and gas the only declining sector. Other products posted the largest gain, while services, pharmaceuticals, electrical equipment, real estate, and information and communications also advanced.