Reuters: Market News: Nikkei weighed by ex-dividends, eases from 1-yr high

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Nikkei weighed by ex-dividends, eases from 1-yr high Mar 28th 2012, 06:07 Tweet Share this Email Print Related Topics Stocks » Asian Markets » Markets » Financials » Wed Mar 28, 2012 2:07am EDT TOKYO, March 28 (Reuters) - Japan's Nikkei index eased from a one-year high on Wednesday as a majority of the companies in the index went ex-dividend, but participants said the benchmark was supported by strong interest from foreign buyers and domestic reinvestment of dividends. The benchmark Nikkei ended down 72.58 points, or 0.7 percent, at 10,182.57, off a one-year closing high hit in the previous session. Dealers said 195 out of 225 companies passed the deadline for purchasers of stock to get rights to dividends for the business year to March 31. Dealers had expected the ex-dividend impact to take 86 points off the Nikkei. The broader Topix index slipped 0.9 percent to 864.43. Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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