Stock market: Tuesday results [E]

Closing:

Nikkei +66.88 (+0.43%) 15638.50

FTSE 100 -20.8 (-0.4%) 5863.6

On Tuesday stock market closed with gains. Strengthening of overseas markets and strong Tankan report fueled investors' optimism. Nevertheless, trading volumes were less than usual because of Independence Day holiday in the USA. TOPIX closed above 1600 for the first time during the month.

Sony Corp. (+1.8%) was a leader among exporters, Toyota Motor Corp. (+1.2%) - among automakers. Canon Inc. (+4.1%) shares rose after Scott Foster, analyst from HSBC Holdings Plc upgraded company's rating to ``overweight.''

Advantest Corp. stocks strengthened 2.4%; Nintendo Co. - 6.1%.

Nomura Holdings Inc. shares gained 2.3%; Daiwa Securities Group Inc. stocks - 3.5% and Yamada Denki Co. - 1.5%.

Stocks of the largest Japanese retail company Aeon Co., rose 2.1%.

Despite positive start EU stocks decrease on Tuesday.

Main losers were energy and automaker companies. Sales were caused by low volumes because absence of the U.S. market players, who celebrate Independence Day. Company's US sales fell 13% y/y in June. As a result Morgan Stanley lowered its price target to E46 from E50.

Traders also noted the strengthening of euro, which climbed to monthly high against the dollar at $1.2823, that influenced on

companies-exporters.

Oil companies' shares decrease on a background of “profit taking" and oil prices consolidation. Statoil ASA shares fell 0.8%; Royal Dutch Shell Plc -0.7% and Repsol YPF SA - 0.3%.

Wall Street didn't work yesterday because of Independence Day

holiday.