INDEX NEWS – NIKKEI 225 PRICE FORECAST &TECHNICAL ANALYSIS

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JAPAN STOCKS LOWER AT CLOSE OF TRADE; NIKKEI 225 DOWN 1.68%

Japan stocks were lower after the close on Friday, as losses in the Power, Railway & Bus and Precision Instruments sectors led shares lower.

At the close in Tokyo, the Nikkei 225 declined 1.68%.

The best performers of the session on the Nikkei 225 were Mitsubishi Motors Corp. (TYO:7211), which rose 18.01% or 94.00 points to trade at 616.00 at the close. Meanwhile, Konica Minolta, Inc. (TYO:4902) added 8.86% or 41.00 points to end at 504.00 and Mitsubishi Heavy Industries, Ltd. (TYO:7011) was up 4.41% or 227.00 points to 5,369.00 in late trade.

The worst performers of the session were Z Holdings Corp (TYO:4689), which fell 14.18% or 56.20 points to trade at 340.00 at the close. AGC Inc (TYO:5201) declined 9.33% or 435.00 points to end at 4,225.00 and Nippon Suisan Kaisha, Ltd. (TYO:1332) was down 8.59% or 47.00 points to 500.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2531 to 980 and 274 ended unchanged.

Shares in Z Holdings Corp (TYO:4689) fell to 52-week lows; losing 14.18% or 56.20 to 340.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 0.73% to 21.88 a new 1-month low.

NIKKEI 225 TECHNICAL ANALYSIS: DAILY CHART


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