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23 Jan 2015
Nikkei ends over 1% on ECB QE package
FXStreet (Mumbai) - The Japanese equities index jumped close to one-month highs and closed higher cheering the newly-announced quantitative easing (QE) program by the ECB in the previous session.
The benchmark Nikkei 225 index ended 1.05% higher at 17511.75 levels, retreating from day’s high of 17532.06 levels. The index got a boost from the ECB announcement an expanded asset purchase program in a bid to spur growth in the Euro area economies. However, a relatively stronger yen limited the upside in the index.
The index breadth traded positive with an advance-decline ratio of 174:46. Among the major gainers, Sompo Japan Nipponko led the index up by 5.24% followed by Tokyo Marine Holding which gained 5.17% and Dai-chi Life Insurance moved up 5.16%. Yamato Holdings Co was the top loser, down -3.72%. Nippon Suisan and Shionogi & Co Ltd lost over 3.6% each.
Nikkei Technical Levels
The index has an immediate resistance stands at 17713 above which gains could be extended to 17914 levels. Meanwhile, support is seen at 17400 levels and from here to 17230 levels.
The benchmark Nikkei 225 index ended 1.05% higher at 17511.75 levels, retreating from day’s high of 17532.06 levels. The index got a boost from the ECB announcement an expanded asset purchase program in a bid to spur growth in the Euro area economies. However, a relatively stronger yen limited the upside in the index.
The index breadth traded positive with an advance-decline ratio of 174:46. Among the major gainers, Sompo Japan Nipponko led the index up by 5.24% followed by Tokyo Marine Holding which gained 5.17% and Dai-chi Life Insurance moved up 5.16%. Yamato Holdings Co was the top loser, down -3.72%. Nippon Suisan and Shionogi & Co Ltd lost over 3.6% each.
Nikkei Technical Levels
The index has an immediate resistance stands at 17713 above which gains could be extended to 17914 levels. Meanwhile, support is seen at 17400 levels and from here to 17230 levels.