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The Financial Express

Japanese stocks slip in thin holiday trading

Published: December 26, 2017 10:39:50 | Updated: December 28, 2017 10:18:51


File Photo (Collected) File Photo (Collected)

Japanese stocks slipped slightly in holiday trading on Tuesday, caught in a narrow range as the index lacked leads from other markets.

The Nikkei was 0.08 per cent lower at 22,920.39 amid low trading volume, without the usual global market leads with many other financial centres shut on Monday for Christmas, reports Reuters.

Department store chain operator Takashimaya Co rose 4.1 per cent after it posted a 5.6 per cent rise in operating profit for the nine months through November.

Other retailers rose in tow, with Isetan Mitsukoshi Holdings gaining 2.0 per cent, Marui Group rising 2.1 per cent and Kintetsu Department Store Co adding 1.5 per cent.

Clothing retailer Shimamura Co, however, slipped 3.4 per cent after it suffered a 11.3 per cent operating profit drop for the nine months through November amid sluggish winter apparel sales.

Of Tokyo’s 33 sub-indexes, 21 were in the red, led by non-ferrous metals. Retailers led the gainers.

The broader Topix was 0.1 per cent lower at 1,829.91.

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