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13 Mar 2015
Nikkei extends beyond 19k, highest since March 2000
FXStreet (Mumbai) - The Japanese equities index jumped to fresh fifteen year highs on open and extends beyond 19k levels tracking the overnight cues from Wall Street, where stocks closed higher following the pullback by the US dollar.
The benchmark Nikkei 225 index rebounded 1.53% higher at 19280 levels, retreating from fifteen year highs of 19294.26. The index accelerated gains as the disappointing US retail sales data released in the US last session cooled expectations for an early interest rate hike by the Federal Reserve Moreover, a weaker yen also pushed the export stocks higher.
The index trades with a positive market breadth, the advance-decline ratio being 163:56. Tech Company FANUC Corp is the top gainer rallying 13.55 %, Sumitomo Realty is up 5.62%. Among the top losers, EISAI Co is down -5.22%. While, COMSYS Holdings is lower nearly 2%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19294.26. Meanwhile, support is seen at 19k levels and from here to 18800 levels.
The benchmark Nikkei 225 index rebounded 1.53% higher at 19280 levels, retreating from fifteen year highs of 19294.26. The index accelerated gains as the disappointing US retail sales data released in the US last session cooled expectations for an early interest rate hike by the Federal Reserve Moreover, a weaker yen also pushed the export stocks higher.
The index trades with a positive market breadth, the advance-decline ratio being 163:56. Tech Company FANUC Corp is the top gainer rallying 13.55 %, Sumitomo Realty is up 5.62%. Among the top losers, EISAI Co is down -5.22%. While, COMSYS Holdings is lower nearly 2%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19294.26. Meanwhile, support is seen at 19k levels and from here to 18800 levels.