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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (5122)	5/17/2001 11:23:30 PM
From: Dr. Stoxx	Respond to of 5732

That works...thanks! And thanks for the words of affirmation! TC

To: SusieQ1065 who wrote (5122)	5/17/2001 11:25:19 PM
From: Dr. Stoxx	Respond to of 5732

PS: feel free to pop into the BTTT chat room...you and all others here. I've been playing hooky from it, but will be rejoining soon... Link: home.nc.rr.com Ignore the silly picture (not my idea)! TC

To: SusieQ1065 who wrote (5122)	5/17/2001 11:54:41 PM
From: keithcray	Respond to of 5732

Maybe this will give us a nice gap up in the morning. Tokyo Stocks Higher at Midday May 17 11:32pm ET TOKYO (Reuters) - Tokyo stocks wiped off early losses and ended Friday morning trade higher after investors overcame jitters ahead of a major reshuffle in stock indices and focused more on a firmer Wall Street and healthy corporate earnings. Leading the upward move were electronic parts makers Kyocera Corp and Taiyo Yuden Co Ltd -- companies with relatively robust earnings prospects. "The bleak outlook from Murata and heathy forecasts by Kyocera and Taiyo have left us wondering which is the more accurate reflection of the sector," said Yoshihisa Okamoto, senior vice president at Fuji Investment Management, which manages 221.4 billion yen of investment trusts. "But the market is leaning more and more toward the idea that Murata's figures are probably a little too conservative." The benchmark Nikkei average was up 57.85 points or 0.42 percent at 13,968.52, while the capital-weighted TOPIX index was virtually unchanged, ending the morning session up 0.19 point or 0.01 percent at 1,377.13. Kyocera gained 3.51 percent to 12,090 yen and Taiyo rose 4.86 percent to 3,670 yen. Speculation that Murata Manufacturing Co Ltd would do better than its own prediction boosted its shares 3.1 percent to 10,310 yen. Earlier this week, it forecast a nearly 50 percent fall in group operating and net profit for the year to next March, much worse than analysts' estimates, sending its shares tumbling. Despite strong earnings results, Nissan Motor Co Ltd fell 1.18 percent to 835 yen, falling prey to profit-taking after having advanced for three straight days ahead of the expected announcement of bullish earnings. Nissan, Japan's number three automaker in terms of revenue, on Thursday posted a group net profit of 331 billion yen ($2.70 billion) in the year ended in March, compared with a huge loss of 684 billion yen the year before. Mitsubishi Motors Corp fell 1.01 percent to 393 yen after Japan's fourth-largest automaker said early on Friday its group net loss for the year ended in March totaled 278.14 billion yen, a record low but roughly in line with its forecast. Standing out in the auto sector was Isuzu Motors Ltd, which attracted buyers after the Nihon Keizai Shimbun financial daily said Honda Motor has started negotiations to entrust diesel engine output to Isuzu. Isuzu jumped 8.95 percent to 280 yen, while Honda dipped 0.93 percent to 5,300 yen in line with most others in the sector. After the close of the morning session, Honda confirmed it would develop two-liter diesel engines for use in its Accord model, to be launched in Europe in 2003, and that the engine will be developed with technical cooperation from Isuzu. In the telecoms sector, Nippon Telegraph and Telephone Corp (NTT) lost 5.12 percent to 778,000 yen after Japan's top telecoms group said on Thursday its net profit for the current year to next March would plunge 72 percent as it struggles to fend off growing competition in the local call market. "People knew the results would not be too good. But some of the pessimism is also coming from a lack of specific steps to deal with their regional units or cut overall costs," said Hiroaki Kobayashi, telecoms analyst at HSBC Securities. Toward the end of Friday's session, shares that may be added to the indices, such as retailer Seven-Eleven Japan Co Ltd and UFJ Holdings Inc may attract strong buying from dealers and retail investors, traders said. Index compiler Morgan Stanley Capital International (MSCI) will announce new constituents and inclusion factors for its influential global indices on Saturday. Advancers outpaced decliners 680 to 596 on the first section of the Tokyo Stock Exchange (TSE). Volume totaled 393.33 million shares on the first section, up from 334.02 million on Thursday morning. The June Nikkei futures contract in Osaka dropped 50 points to 13,950. The second-section index gained 0.54 percent to 2,212.30, while the Nikkei over-the-counter (OTC) index edged 0.07 percent higher to 1,426.28. ($1=122.60 Yen)