. Japan stocks higher at close of trade; Nikkei 225 up 0.70%

Japan stocks higher at close of trade; Nikkei 225 up 0.70%

06 Oct 2022

NIKKEI 225 is trading up 0.07% at 27075.00

Japan stocks were higher after the close on Thursday, as gains in the Precision Instruments, Transportation Equipment and Electrical/Machinery sectors led shares higher.

At the close in Tokyo, the Nikkei 225 added 0.70%.

The best performers of the session on the Nikkei 225 were Rakuten Inc (TYO:4755), which rose 4.58% or 30.00 points to trade at 685.00 at the close. Meanwhile, Credit Saison Co., Ltd. (TYO:8253) added 3.34% or 58.00 points to end at 1,796.00 and Eisai Co., Ltd. (TYO:4523) was up 2.92% or 221.00 points to 7,790.00 in late trade.

The worst performers of the session were Aeon Co., Ltd. (TYO:8267), which fell 2.60% or 71.50 points to trade at 2,681.50 at the close. Unitika, Ltd. (TYO:3103) declined 2.10% or 6.00 points to end at 280.00 and Mitsubishi Motors Corp. (TYO:7211) was down 1.69% or 9.00 points to 522.00.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2398 to 1053 and 303 ended unchanged.

Shares in Credit Saison Co., Ltd. (TYO:8253) rose to 52-week highs; up 3.34% or 58.00 to 1,796.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 4.32% to 23.46.

On technical fronts NIKKEI 225:RSI stood at 52.59 and currently it is trading below 50 and 100 days MA & above 20 days MA. So, SELL position can be taken with following target and stoploss:

TRADE SIGNAL – : NIKKEI 225 – SELL: 27075.00, TARGET: 26846.00, STOP LOSS: 27209.00