Nikkei slips in thin holiday trade, retailers advance

  • Reuters
  • Stock Market News
Nikkei slips in thin holiday trade, retailers advance
Credit: © Reuters.

TOKYO, Dec 26 (Reuters) - Japan's Nikkei share average slipped on Tuesday, confined in a tight range amid a paucity of catalysts from other markets, while gains in Takashimaya on upbeat earnings lifted retailers.

The Nikkei .N225 ended the day 0.2 percent lower at 22,892.69 amid low trading volume, without the usual global market leads with many other financial centres shut on Monday for Christmas.

Department store chain operator Takashimaya Co 8233.T was among the biggest percentage gainers in the index. It rose 3.7 percent after it posted a 5.6 percent rise in operating profit for the nine months through November on strong demand from domestic customers and foreign visitors.

Other retailers rose in tow, with Isetan Mitsukoshi Holdings 3099.T gaining 2.2 percent, Marui Group 8252.T rising 2.7 percent and Kintetsu Department Store Co 8244.T adding 1.9 percent.

Clothing retailer Shimamura Co 8227.T , however, slipped 5 percent after it suffered an 11.3 percent operating profit drop for the nine months through November amid sluggish winter apparel sales.

Of Tokyo's 33 subindexes, 27 were in the red, dragged by electrical machinery .IELEC.T and non-ferrous metals .INFRO.T . Services .ISVCS.T and retailers .IRETL.T led the gainers.

The broader Topix .TOPX was 0.27 percent lower at 1,827.01.

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