23 Mar 2015
Nikkei sits at fresh 15-year highs, Eisai soars over 20%
FXStreet (Mumbai) - The Japanese equities index opened the week on a stronger note and jumped to fresh fifteen year highs, extending beyond 19700 levels tracking the cues from Wall Street where stocks closed higher on Friday due to a weaker U.S. dollar and rising commodity prices.
The benchmark Nikkei 225 index rallies 1.01% at 19756.81 levels, heading towards fresh fifteen year highs of 19778.60 reached in early trades. The index accelerated gains as investors continue to cheer last week's cooling of interest-rate hike expectations by the Federal Reserve.
The index trades with a positive market breadth, the advance-decline ratio being 161:57. Pharma Company, Eisai Co is the top gainer rallying 20.70% after a brokerage upgraded the stock, citing the effectiveness of its drug to treat Alzheimer’s disease. SCREEN Holdings is up 6.29%. Among the top losers, Konami Corp is down -2.48%. While, Nippon Suisan is lower nearly 1.50%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19778. Meanwhile, support is seen at 19584 levels and from here to 19416 levels.
The benchmark Nikkei 225 index rallies 1.01% at 19756.81 levels, heading towards fresh fifteen year highs of 19778.60 reached in early trades. The index accelerated gains as investors continue to cheer last week's cooling of interest-rate hike expectations by the Federal Reserve.
The index trades with a positive market breadth, the advance-decline ratio being 161:57. Pharma Company, Eisai Co is the top gainer rallying 20.70% after a brokerage upgraded the stock, citing the effectiveness of its drug to treat Alzheimer’s disease. SCREEN Holdings is up 6.29%. Among the top losers, Konami Corp is down -2.48%. While, Nippon Suisan is lower nearly 1.50%.
Nikkei Technical Levels
The index has an immediate resistance stands at 19778. Meanwhile, support is seen at 19584 levels and from here to 19416 levels.