Japan shares higher at close of trade; Nikkei 225 up 1.93%

Investing.com – Japan equities were higher at the close on Wednesday, as gains in the Power , Shipbuilding and Banking sectors propelled shares higher.

At the close in Tokyo, the Nikkei 225 gained 1.93%.

The biggest gainers of the session on the Nikkei 225 were Toho Co., Ltd. (T: 9602 ), which rose 8.78% or 385.00 points to trade at 4,770.00 at the close. Japan Steel Works Ltd (T: 5631 ) added 5.74% or 200.00 points to end at 3,685.00 and Inpex Corp. (T: 1605 ) was up 4.84% or 70.00 points to 1,517.00 in late trade.

Biggest losers included Shionogi & Co., Ltd. (T: 4507 ), which lost 11.14% or 829.00 points to trade at 6,611.00 in late trade. Daiwa Securities Group Inc. (T: 8601 ) declined 5.72% or 38.90 points to end at 641.00 and J.Front Retailing Co., Ltd. (T: 3086 ) shed 4.94% or 49.00 points to 943.00.

Advancing stocks outnumbered falling ones by 2797 to 758 and 194 ended unchanged on the Tokyo Stock Exchange.

The Nikkei Volatility , which measures the implied volatility of Nikkei 225 options, was up 2.84% to 21.33.

In commodities trading, Crude oil for May delivery was down 0.33% or 0.33 to $100.27 a barrel. Meanwhile, Brent oil for delivery in June fell 0.30% or 0.31 to hit $104.33 a barrel, while the June Gold Futures contract fell 0.45% or 8.80 to trade at $1,967.30 a troy ounce.

USD/JPY was up 0.60% to 126.11, while EUR/JPY rose 0.65% to 136.59.

The US Dollar Index Futures was up 0.09% at 100.38.