REFILE-Japan construction stocks outperform but Nikkei can't find traction

lunes 28 de diciembre de 2015 22:54 GYT
 

(Refiles to fix literal in headline)

* Kumagai Gumi jumps on brokerage rating hike

* Topix's rebalancing may contribute to volume rise after 3 Japan Post stocks to be added to index - traders

By Ayai Tomisawa

TOKYO, Dec 29 (Reuters) - Japan's Nikkei share average was flat in choppy trade on Tuesday morning, though stocks which are more sensitive to domestic demand such as construction companies outperformed more global, cyclical counters.

The Nikkei was flat at 18,873.27 points at the midday break, and looked set for a gain of around 8 percent for 2015.

Traders said that investors may not take large positions before the last trading day of 2015 on Wednesday, but they would focus on stocks with individual news.

The construction sector attracted buying, with Kumagai Gumi jumping 6.7 percent after Daiwa Securities raised its rating to 'buy' from 'outperform', citing its strong first-half operating profit and brisk domestic construction demand.

Other stocks in the sector followed, with Kajima Corp rising 2.0 percent and Taisei Corp advancing 0.9 percent.   Continuación...