Nikkei extends gain

Japan share market finished the session higher for second straight day after recouping initial losses on Tuesday, 29 December 2015, aided by buybacks of undervalued stocks before the last day of trading. All TOPIX sectors except the Iron & Steel sector recorded gains, with gains were led by Fishery, Agriculture & Forestry, Pharmaceutical, Construction, Banks, Insurance, and Air Transportation issues. The 225-issue Nikkei Stock Average advanced 108.88 points, or 0.58%, to 18982.23. The Topix index of all Tokyo Stock Exchange First Section issues grew 14.17 points, or 0.93%, to 1543.39. Rising issues outnumbered falling ones 1,557 to 277 in the TSE's first section, while 101 issues were unchanged. Volume rose modestly to 1.58 billion shares, from Monday's 1.56 billion shares.

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