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Friday, November 27, 1998 Published at 08:28 GMT
Business: The Markets
Tokyo market report
![[ image: ]](/olmedia/185000/images/_189713_tore150.gif) |
Shares closed 0.9% lower on modest profit-taking and selling by corporate investors.
The Nikkei index fell 138.38 points to finish at 15,069.39.
Trading was heavy, with 505m shares changing hands, compared with 500.1m on Thursday.
Dealers said share prices were pushed to lows by close due to futures-led falls coupled with a late wave of heavy profit-taking.
But falls were limited on rumours that public sector pension funds were buying selected public sector issues such as NTT, Japan Tobacco and Japan Railway "to make the sale of the next tranche of shares in NTT proceed smoothly," a Kokusai Securities broker said.
The government said last week it would sell a fourth tranche of the telecoms giant Nippon Telegraph and Telephone Corp. by the end of the year.
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