Tokyo higher
NZPA-Reuter Tokyo Tokyo shares closed higher at midday yesterday, while U.S. dollar traders waited for a cue from New York players returning from their Christmas holiday. The 225-share 'Nikkei index rose briefly above 30,000 amid broad-based buying but trading was lacklustre, brokers said. “There is a considerable amount of windowdressing to make the market close at a new high at year-end,” said a broker, Mr Ross Rowbury, of Sanyo Securities. The index rose 101.08 points, or 0.34 per cent, to 29,969.09,
in morning turnover of 350 million shares. During the morning, the index touched 30,041.01, just shy of the December 7 record close of 30,050.82. On Monday; the index had gained 181.65 points. Brokerage, along with paper and pulp shares, led the market’s advance. The U.S. currency fluctuated narrowly as Tokyo traders awaited New York’s moves after the Christmas holiday. The dollar was at 124.77 Japanese yen and 1.7720 West German marks at midday against 124.72 and 1.7725 at Monday’s close in Tokyo.
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Press, 28 December 1988, Page 23
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165Tokyo higher Press, 28 December 1988, Page 23
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