The 225-issue Nikkei Stock Average rose 56.75 points, or 0.40 percent, from Friday to 14,369.78. The broader
Trading lacked a clear sense of direction.
After opening higher following Friday's gains on
But sharp falls were prevented as the yen's appreciation stalled both against the U.S. dollar and the euro. Investors were also reluctant to sell aggressively after heavy sell-offs late last week.
The Nikkei was then traded in and out of negative territory before moving higher toward the end of the morning session.
"Buying took the upper hand at the opening given Friday's rises in the Dow index," said
"But the gross domestic product report turned out to be much weaker than the market had expected, and buying momentum fizzled out quickly," she said, adding that the market will likely remain top-heavy ahead of the U.S. stock market's closure Monday for a holiday.
On the First Section, advancing issues outnumbered declining ones 1,107 to 548, while 126 finished the morning unchanged.
By sector, brokerage, paper and pulp, and utility issues drew notable buying while mining, oil and coal, and service shares lost ground.
On the other hand, social gaming firm Gree faced selling after reporting a 46 percent slump in its group net profit for the July-December period. The stock fell
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Elizabeth Vargas' Husband Marc Cohn Addresses Rumors
- Keurig Adds Peet's coffee, Alters Starbucks deal
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- U.S. to Relinquish Gov't Control Over Internet
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Some California Cities Seeking Water Independence
- Will Missing Malaysian Jet Prompt Aviation System Change?