Tokyo stocks rise modestly

Tokyo stocks rose moderately on Monday, mainly aided by buying to secure rights to dividends ahead of the end of fiscal 2022 in Japan.

The Nikkei average of 225 selected issues listed on the Tokyo Stock Exchange’s Prime section rose 91.62 points, or 0.33%, to finish at 27,476.87 after falling 34.36 points Friday.

The broader TOPIX index ended up 6.52 points, or 0.33%, at 1,961.84, following a 2.00-point drop the previous trading day.

The Tokyo market opened higher on Wall Street’s gains on Friday.

Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors. 

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