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3 Apr 2015
Nikkei cautious amid thin volumes
FXStreet (Barcelona) - The Japanese equities index opened mildly lower, although turned in positive territory amid thin trading as several regional markets are closed ahead of the Easter weekend. Markets in Australia, New Zealand, India, Singapore, Indonesia, Hong Kong, Philippines and Taiwan are closed for the Easter holidays.
The benchmark Nikkei 225 index trades higher by 0.33% at 19376, retreating from session lows at 19289.04 levels. The gains on the index remains muted as investors remain cautious ahead of the key US monthly jobs report, which will be released even as the US markets are closed for the Good Friday holiday.
The index traded with a positive market breadth, the advance-decline ratio being 124:92. Mitsumi Electric Co is the top gainer so far; gaining 4.73%, followed by Ajinomoto Co which is up 4.21%. Among the top losers, Hino motors is down -2.39%. While, Shionogi & Co is lower nearly -1.73%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19474. Meanwhile, support is seen at 19200 levels and from here to 19k levels.
The benchmark Nikkei 225 index trades higher by 0.33% at 19376, retreating from session lows at 19289.04 levels. The gains on the index remains muted as investors remain cautious ahead of the key US monthly jobs report, which will be released even as the US markets are closed for the Good Friday holiday.
The index traded with a positive market breadth, the advance-decline ratio being 124:92. Mitsumi Electric Co is the top gainer so far; gaining 4.73%, followed by Ajinomoto Co which is up 4.21%. Among the top losers, Hino motors is down -2.39%. While, Shionogi & Co is lower nearly -1.73%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19474. Meanwhile, support is seen at 19200 levels and from here to 19k levels.