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12 Mar 2015
Nikkei off 15-yr highs above 19k mark
FXStreet (Mumbai) - The Japanese equities index opened on a firmer note after a surprise rate cut by South Korea's central bank boosted sentiment, helping offset a weak lead overnight from Wall Street and lower commodity prices.
The benchmark Nikkei 225 index rebounded 1.19% higher at 18946 levels, retreating from fifteen year highs of 19908.13. The index now trimmed partial gains as a slightly stronger yen pushed the exports lower, pulling the index away from fresh yearly highs.
The index trades with a positive market breadth, the advance-decline ratio being 178:38. Yamaha Corp is the top gainer rallying 5.60%, Eisai Co is up 5.39%. Among the top losers, UNY Group Holdings is down -2.95%. While, SKY Perfect JSAT Holdings is lower nearly 2%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19908.13 Meanwhile, support is seen at 18800 levels and from here to 18733 levels.
The benchmark Nikkei 225 index rebounded 1.19% higher at 18946 levels, retreating from fifteen year highs of 19908.13. The index now trimmed partial gains as a slightly stronger yen pushed the exports lower, pulling the index away from fresh yearly highs.
The index trades with a positive market breadth, the advance-decline ratio being 178:38. Yamaha Corp is the top gainer rallying 5.60%, Eisai Co is up 5.39%. Among the top losers, UNY Group Holdings is down -2.95%. While, SKY Perfect JSAT Holdings is lower nearly 2%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19908.13 Meanwhile, support is seen at 18800 levels and from here to 18733 levels.