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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (25232)	12/10/1998 12:01:00 AM
From: Tim Luke	Respond to of 119973

Wednesday December 9, 10:29 pm Eastern Time Tokyo stocks up at midday as concerns over SQ ease TOKYO, Dec 10 (Reuters) - Tokyo stocks recouped early losses and crept higher on Thursday, as concerns over possible futures-related sales ahead of Friday's ''special quotation'' settlement for December futures and options eased, traders said. Gains in companies such as Toshiba Corp on improved worldwide demand for personal computers also helped lift the Nikkei average, they said. The Nikkei 225 average was up 47.31 points or 0.32 percent at 14,979.21. Nikkei December futures were down 10 at 14,980. ''Fears ahead of the settlement have disappeared,'' said Tetsuya Ishijima, chief strategist at Okasan Securities Co Ltd. The stock market had been weighed by worries that sales by those who failed to roll over their positions from December stock futures to March could hurt the cash stock market. But traders said active rolling over had occurred in recent sessions. Trading volume was modest at 184 million shares on the first section of the Tokyo Stock Exchange, against 145 million on Wednesday morning. The stock average weakened initially in the morning session due to a slight fall in Dow industrials and Nikkei futures overnight, traders said. On Wednesday, the Dow Jones Industrial Average slipped 18.79 points or 0.21 percent to 9,009.19 on concerns about earnings at several multinational companies. Nikkei December futures traded in Chicago closed at 14,930, down from their Osaka close of 14,980 on Wednesday. Other factors in the market: Shares in electric companies gained ground, following a rally in the technology-laden Nasdaq Composite Index in New York overnight. ''Demand for personal computers is improving and a variety of related issues will be sought after,'' said Kenji Karikomi, a deputy general manager at Daiwa Securities Co Ltd. Toshiba rose 19 yen to 717 amid the most active trade in the first section. Mitsubishi Electric Corp was up 12 yen at 317 and Matsushita Electric Industrial Co Ltd was up 60 yen at 2,150. Broader indices were higher. TOPIX was up 4.62 points or 0.41 percent at 1,145.36. Nikkei 300 was up 0.97 point or 0.42 percent at 229.58. The second section index was up 5.53 points or 0.47 percent at 1,194.58. Advancing issues outnumbered decliners 682 to 377 while 186 issues were unchanged. Nippon Credit Bank (NCB) was down 11 yen at 163 in active trade. The troubled bank and Chuo Trust & Banking said on Wednesday they had agreed to consider a strategic tie-up, but ruled out a merger. Chuo Trust down two yen at 565.