The market of Japan was closed by growth of index Nikkei on 3,6 %
the Share auctions in Japan on October, 20th were closed by increase of index Nikkei against corporate news. Trading session has successfully developed for the manufacturer of electronics Panasonic Corp. Shares of company have risen in price for 8,8 % after messages that its operational profit for 6 months which have come to the end in September, can exceed forecasts of analysts on 20 mlrd yens (197 million doll).
Also in “ plus “ the auctions have come to the end for a Japanese motor-car manufacturer of Nissan Motor Co Ltd. (+8,8 %). Before analytics from UBS AG have raised recommendations about shares of company to level “ to buy “.
Besides, with optimism investors have conceived the informal information that the second in the world on size the manufacturer of steel Nippon Steel Corp. Can raise the forecast on a gain for current fiscal year that is caused by decrease in expenses and a rise in prices for production. On this background of a share of company have added in the price of 4,4 %.
Easing of a course of yen in relation to dollar has led in turn to growth of cost of securities of such companies focused for export, as a motor-car manufacturer of Toyota Motor Corp. (+5,6 %), one of the world`s largest manufacturers of consumer electronics Sony Corp. (+7,6 %).
Following the results of closing of the auctions on October, 20th 2008ã. Index Nikkei has grown on 311 points (+3,59 %) - to 9005,59 points. The dollar exchange rate in relation to yen has grown for 0,17 yens and has made 101,74 yens/ dollars