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The Nikkei remains afloat for the ninth day and adds its best streak since 2019

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Tokyo, March 25 (EFE) .- The main index of the Tokyo Stock Exchange, the Nikkei, rose 0.14% this Friday and remained afloat for the ninth consecutive session, chaining its best streak since September 2019 thanks to the yen and the search for dividends.

The Nikkei, which brings together the 225 most representative titles in the market, advanced 39.45 points, to 28,149.84 integers.

The Topix, which includes the firms in the first section, those with the largest capitalization, closed flat percentage-wise, with a slight drop of 0.09 points, to stand at 1,981.47 units.

The Tokyo stock market opened higher but experienced a volatile session in which many investors opted for Thursday to set a profit after the cumulative rise of 11.7% in the benchmark index in the eight days to date, to which was added the lack of additional stimulus and risk aversion ahead of the weekend.

Despite this, the Nikkei will mark a ninth day of rise today, stabilize its best level in two months and chain its longest winning streak since September 2019.

The main factors that contributed to this were the devaluation of the yen against currencies such as the dollar, a trend that boosts Japanese exporters, and the purchases of some investors to secure the right to collect dividends for the end of the Japanese fiscal year. the next day 31.

The sectors that registered the main advances were maritime transport, fishing and pharmaceuticals.

Nippon Yusen Navigator (NYK Line) had the largest trading volume on the day, gaining 1.09%. Its Mitsui OSK and Kawasaki Kisen (K-Line) competitions also have an advance, and 0.87% and 2.23%, after collapsing the day before more than 7 and 9%.

Export-focused companies that have been posting significant gains recently are among those that fell, such as semiconductor analysis equipment maker Lasertec (0.12%) or technology company Sony (1%).

Video game developer and distributor Nintendo rose 1.66% and telecommunications group Softbank fell 1.74%.

Vehicle maker Toyota fell 0.5%, while technology company Toshiba advanced 0.56% after falling half a point the day before after its shareholders voted against a plan to split the company into two independent companies.

In the first section, 1,007 companies rose, compared to 1,068 that fell, while 106 closed unchanged.

The trading volume amounted to 3.06 trillion yen (22.77 billion euros).

c) EFE Agency

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