At the same time, the value of the securities of one of the largest glass manufacturers in Japan, Asahi Glass Co. increased by 5.35 per cent, after the analysts of several financial companies – JPMorgan Chase & Co., Mizuho Securities and Goldman Sachs – raised their recommendations on them from “neutral” to “buy” and put the Asahi Glass Co. in the list of companies whose shares were recommended to assure the purchase.
Analysts of JPMorgan Chase & Co. also increased recommendations on the shares of one of the leading manufacturers of LCD-monitors, Nippon Electric Glass Co. to “above market”, and as a result the quotes the company soon grew to 8.2 per cent.
At the end of the session the quotes of some chemical companies also rose because of rumors that deals to merge some members of the sector could increase its profitability. As a result, shares of the company Tosoh Corp., specializing in the production of caustic soda, and those of the chemical concern Mitsubishi Chemicals Holdings Inc. added to the price of 0,96 per cent and 0,9 per cent respectively.
In the sector of electronics manufacturers market leaders became TDK Corp. (+1,36 per cent), Toshiba Corp. (1.36 per cent) and Olympus Corp. (1.89 per cent). Among automakers the following companies’ quotes rose – Honda Motor Co. (+1,95 per cent), Toyota Motor Corp. (+1.3 per cent) and Mazda Motor (+0,39 per cent).
At the same time in the red zone the session was closed for the financial sector, which happened after the decline of quotations of American financial companies on the stock market in the United States with a statement of some of them of their intention to raise funds through additional issue of ordinary shares in order to recover state money received under the program TARP. Against this background, quotes of the largest bank in Japan, Mitsubishi UFJ Financial Group dropped 1.13 per cent, while shares of smaller ones – Mizuho Financial and Sumitomo Mitsui lost 1.26 per cent and 0.27 per cent respectively in value.
As a result of trades on 3 June 2009 Nikkei index rose 37.36 points (0.38 per cent) – up to 9741.67 points. Dollar rate against the Japanese yen decreased by 0.68 yen over the previous trading day, and as a result became 95.62 yen per dollar.