Seeking Alpha

Steven Towns


About this author:

Traders and investors on the Tokyo Stock Exchange seemed to have had enough of beating a dead horse -- Mitsubishi Motors -- as its shares were traded over 400 million times, ending the day up 9.83%. A total of 7 Mitsubishi affiliated stocks also finished higher today after being slammed in the prior trading session. Let's take a look at the closing numbers and today's advancers and decliners.

Nikkei 225: +79.10 (+0.56%), to close at 14,170.87, actually opened 55+ points lower and hit an intra-day low of 14,015.62 before finishing very strong in the afternoon session closing at its high point of the day

TOPIX: +13.87 (+0.94%), to close at 1,486.34, opened slightly lower and reached an intra-day low of 1,461.83 before finishing very strong in the afternoon session, also closing at its high point of the day

JASDAQ: -0.01 (-0.01%), to close at 108.52, similar to the Nikkei 225 and TOPIX it had a rough morning before finishing strong at its high for the day

Performance of Japanese stocks with ADRs today in Tokyo:
* Advancers: Sanyo Electric (ticker: SANYY) +6.07%, Nissan (ticker: NSANY) +3.49%, Nomura Holdings (ticker: NMR) +2.88%, Toyota (ticker: TM) +2.80%, TDK (ticker: TDK) +2.07%, Honda (ticker: HMC) +1.90%, Matsushita Electric Industrial (ticker: MC) +1.59%, Millea Holdings (ticker: MLEA) +1.49%

* Decliners: NTT DoCoMo (ticker: DCM) -1.55%, Kirin Brewery (ticker: KNBWY) -1.15%