TOKYO , Dec. 30 -- ( Kyodo ) _ (EDS: ADDING PM ABE'S COMMENTS, SHARE PRICES AND OTHER INFO THROUGHOUT) The Nikkei stock index advanced on the last trading day of 2013 on Monday to hit a fresh six-year high, soaring 57 percent over the year and scoring its biggest annual gain since 1972, on the back of Tokyo's aggressive fiscal and monetary stimulus. The 225-issue Nikkei Stock Average ended up 112.37 points, or 0.69 percent, from Friday at 16,291.31, its highest close since Nov. 2, 2007 . It was the index's ninth consecutive day of gains, its longest rally since July 2009 . The broader Topix index of all First Section issues on the Tokyo Stock Exchange rose 12.22 points, or 0.95 percent, to 1,302.29, closing above 1,300 for the first time since July 31, 2008 . Prime Minister Shinzo Abe said at a year-end ceremony at the Tokyo Stock Exchange that his government has grappled to overcome the nation's deflation with new economic measures, dubbed "Abenomics," this year and share prices have surged, well exceeding economists' forecasts. "Buy my Abenomics next year as well," he said, while pledging to make further efforts in 2014 to achieve a positive growth cycle. The market got off to a solid start and remained firm throughout most of the day on gains in a broad range of shares, with major advancers including the oil and coal, mining and real estate sectors. Electronics and other export-linked companies, including Sony , enjoyed solid gains after the U.S. dollar rose to its highest level in five years and two months in the lower 105 yen range, boosting optimism over the outlook for their earnings. A weaker yen increases exporters' competitiveness in overseas markets and boosts their dollar earnings when repatriated. "With the yen's depreciation accelerating and U.S. shares staying firm, share prices were rising on expectations for a further rise next year," said Masashi Akutsu , equity strategist at SMBC Nikko Securities Inc. The 30-issue Dow Jones Industrial Average repeatedly hit all-time highs before marking a slight fall on Friday. The market was also supported by expectations for global economic recovery as well as a new tax-free investment scheme called the Nippon Individual Savings Account, brokers said. Last Thursday, investors started placing orders under the NISA program, aimed at driving household funds in deposits into riskier assets such as stocks. "With the start of NISA , a wide range of shares, including those that had been out of demand, are drawing buying mainly from individual investors," said Ayako Terada of Nomura Securities Co.'s investment research department. The Nikkei was up 56.7 percent from the end of 2012, posting its largest annual percentage gain since 1972, when it ended at 5,207.94. The key market yardstick peaked at year-end for the second consecutive year. "The yen's excessive appreciation was corrected rapidly this year, and this played a large role in boosting stocks," said SMBC Nikko's Akutsu, referring to the yen's fall of more than 20 percent against the dollar in 2013, largely driven by the Bank of Japan's monetary easing steps. On Monday on the First Section, advancing issues outnumbered declining ones 1,492 to 217, while 67 ended unchanged. Among exporters, Sony rose 41 yen , or 2.3 percent, to 1,826 yen and Toshiba advanced 5 yen , or 1.1 percent, to 442 yen . Toyota Motor was up 30 yen , or 0.5 percent, at 6,420 yen and Honda Motor rose 30 yen , or 0.7 percent, to 4,330 yen . Oil and coal issues were also in demand, with Inpex climbing 35 yen , or 2.7 percent, to 1,348 yen and Japan Petroleum Exploration moving up 100 yen , or 2.6 percent, to 3,985 yen . Bucking the market trend, Maruha Nichiro Holdings faced selling as investors were discouraged by a recall by its subsidiary of some frozen foods due to the detection of pesticide in a number of products. The stock was down 5 yen , or 2.7 percent, at 183 yen . Trading volume on the main section rose to 2,910.16 million shares from Friday's 2,649.90 million shares. The Tokyo stock market will reopen on Jan. 6 .
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