Nikkei closes higher

October 20th, 2008 - 4:13 pm ICT by IANS  

Tokyo, Oct 20 (Xinhua) Tokyo stocks closed higher Monday with the key Nikkei index climbing 3.59 percent to recover the 9,000 mark. The benchmark Nikkei 225 average went up 311.77 points to 9,005. 59 from Friday.

The Topix index gained 33.08 points, or 3.70 percent, to 927.37.

Trading volume on the main section went down to 2,216.42 million shares from 2,299.61 million Friday.

Value leader JFE Holdings gained 205 yen, or more than 9 percent, to 2,430 yen while volume leader Nippon Steel advanced 14 yen, or more than 4 percent, to 330 yen.

Panasonic advanced 133 yen, nearly 9 percent, to 1,633 yen.

On the First Section, advancing issues outnumbered declining ones 1,411 to 242, with 60 others remaining unchanged.

The TSE’s Second Section index rose 30.77 points, or 1.56 percent, to 2,009.19 on a volume of 27.27 million shares.

On the Osaka Securities Exchange, the near-term December Nikkei 225 index futures contract increased 390 points to 9,090.

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