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Spread Betting News: Nikkei 225 Rises Again, Commodities Stocks Help

Spread betting provider City Index (http://www.cityindex.co.uk/) looks at the rise in the Nikkei 225

 

London, England -- (SBWIRE) --05/13/2011 -- An increase in metal and crude oil prices helped to provide a boost to commodities stocks in Japan, enabling the Nikkei 225 to end higher today (May 10th).

The premier stock index in the country closed on 9,864.26 points, a 0.46 per cent advance on yesterday's finish.

Earning reports from companies including NEC and Orix also provided a helping hand, Reuters reported, pointing to the 4.7 per cent rise in the share price of NEC.

A 56 per cent hike in operating profit during the business year to March 2012 supported NEC's advance up the Nikkei 225.

Orix, meanwhile, lifted by four per cent following its prediction of a 15 per cent rally this financial year for net profit.

Another day of gains for the stock index comes after it rose by 0.25 per cent yesterday on the back of a Nikkei newspaper report suggesting that Toyota Motor's production levels could resume as usual by August following the March 11th earthquake.

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