Tech sector gives rise to the Nikkei 

The Nikkei, the primary index of the Tokyo Stock Exchange, increased by 0.96% this Tuesday. It resulted from the good performance of technology companies and the weakness of the yen. Such favorable changes benefit Japanese exporter investors.

The Nikkei, grouping the 225 most representative titles on the market, advanced by 279,50 points to 29,441. It has been its best level in a month.

The Topix, which includes the firms in the first section, advanced by 0.8% or 15,73 to stand at 1,975 units.

The pharmaceutical sector registered the main gains

The Tokyo stock market opened higher, and the technology sector started strongly, following the gains of the Nasdaq index on Wall Street the day before. The increase of this stock on the American Stock Market infected its Japanese counterparts with optimism. 

The yen’s weakness against other currencies also contributed to today’s rise in the Tokyo stock market. The trend favors the competitiveness of products and shipments from Japanese exporters when they are repatriated. The dollar stood above 110 Japanese yen.

The pharmaceutical sector registered the main gains of the session, along with the metal and the food industry.

Esai, the pharmaceutical company, brought together the highest volume of operations of the day. The firm experienced the highest rise among companies listed on the Nikkei, with a revaluation of 6.58%. 

NEC, the multinational information and technology company, posted the second-highest increase surging by 5.11%.

Toyota’s shares also posted one of the biggest gains of the day and advanced by 1.76%. Softbank group yielded 0.17%.

Video game developer and distributor Nintendo yielded 0.01%, and chipmaker Tokyo Electron added 1.68%.

In the first section, 1,218 companies advanced compared to 841, which ended with decreases. Meanwhile, 135 shares closed unchanged.

The trading volume amounted to 2.37 trillion yen.