20 Feb 2015
Nikkei hovers near 15-year highs
FXStreet (Mumbai) - The Japanese equities index opened with a positive gap of 110 points and jumped to fresh fifteen highs tracking mixed cues overnight from the U.S. and European markets amid thin liquidity as several Asian markets remained closed for the Lunar New Year holidays.
The benchmark Nikkei 225 index trades higher by 0.34% at 18327.11 levels, hovering close to multi-year highs posted at 18360.92 levels earlier in the session. The index remained elevated largely on a flattish yen versus the US dollar. Moreover, the stocks were lifted on continued optimism over the prospect of a Greek bailout deal ahead of Greece-EU meeting later in the session.
The index trades with a positive market breadth, the advance-decline ratio being 115:105. Sumco Corp is the top gainer rallying 5.45%, Tokyo Electron is up 4.80% Among the top losers, Takashimaya Co Ltd is declining -2.79%, Toho Zinc Co is down –2.59%.
Nikkei Technical Levels
The index has an immediate resistance stands at 18360.92. Meanwhile, support is seen at 18250 levels and from here to 18k levels.
The benchmark Nikkei 225 index trades higher by 0.34% at 18327.11 levels, hovering close to multi-year highs posted at 18360.92 levels earlier in the session. The index remained elevated largely on a flattish yen versus the US dollar. Moreover, the stocks were lifted on continued optimism over the prospect of a Greek bailout deal ahead of Greece-EU meeting later in the session.
The index trades with a positive market breadth, the advance-decline ratio being 115:105. Sumco Corp is the top gainer rallying 5.45%, Tokyo Electron is up 4.80% Among the top losers, Takashimaya Co Ltd is declining -2.79%, Toho Zinc Co is down –2.59%.
Nikkei Technical Levels
The index has an immediate resistance stands at 18360.92. Meanwhile, support is seen at 18250 levels and from here to 18k levels.