Volatile Intra-day, Flat Close, One More to Go

Nothing too exciting here, except it looked like it was going to get really ugly before the start of the afternoon session. Basically, there’s not much action, since we have just one more day before the end of Q4 and the fiscal year. The yen was not really a factor either. The Nikkei gained 9.21 points, up fractionally, to 17,263.94. The broader TOPIX actually dipped below 1,700 intra-day (to 1,687.83) for the first time in seven trading days, but recovered and closed down fractionally, -0.38 to 1,710.68. Decliners outnumbered advancers 872 x 717 (133 unchanged).