Nikkei posts best year since 1972 as Abenomics drives gains

TOKYO Mon Dec 30, 2013 12:42pm IST

Pedestrians look at an electronic board displaying various stock prices as a cameraman records video of them outside a brokerage in Tokyo December 24, 2013. REUTERS/Yuya Shino

Pedestrians look at an electronic board displaying various stock prices as a cameraman records video of them outside a brokerage in Tokyo December 24, 2013.

Credit: Reuters/Yuya Shino

Related Topics

Stocks

   
Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

Election 2014

More than 814 million people — a number larger than the population of Europe — are eligible to vote in the world’s biggest democratic exercise.  Full Coverage 

TOKYO (Reuters) - Japan's Nikkei stock average rose to a fresh six-year high to close out 2013 with a 57 percent annual gain, its biggest in more than 40 years on the back of aggressive economic stimulus by Prime Minister Shinzo Abe.

The Nikkei rose for a ninth day to end 0.7 percent higher at 16,291.31 on Monday, its longest winning streak since July 2009.

Mazda Motor Corp (7261.T) was the Nikkei's best performer in 2013, gaining 213 percent. Softbank Corp (9984.T) came in second with a 193 percent gain, while Fuji Heavy Industries Ltd (7270.T), which makes Subaru vehicles, was third.

Nikon Corp (7731.T) was the worst performer this year, down 20.5 percent, followed by Toho Zinc Co Ltd (5707.T) and Pacific Metals Co Ltd (5541.T).

The broader Topix was up 1 percent at 1,302.29, rising above 1,300 for the first time since August 2008. Trading volume hit a two-week high with 2.91 billion shares changing hands.

(Japan's markets will be closed for the New Year holiday from December 31 to January 3. Reuters coverage of the Japanese stock markets will resume on January 6.)

(Reporting by Dominic Lau; Editing by Richard Pullin)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Monsoon Forecast

Monsoon Forecast

South Asia monsoon seen below-average to average in 2014 - WMO.  Full Article 

Solar Dispute

Solar Dispute

Green groups urge U.S. to drop solar trade case against India.  Full Article 

Oil Imports

Oil Imports

India to make May-July oil payments to Iran - sources.  Full Article 

Facebook Earnings

Facebook Earnings

Facebook Q1 revenue grows 72 percent on rising mobile ads.  Full Article 

DLF Shares

DLF Shares

DLF slides 3 percent, underperforms rivals.  Full Article 

Rice Exports

Rice Exports

India may cede top rice exporter spot under Southeast Asian price onslaught.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage