Monday, 21 May 2007

Japan Shares Advance; Banks Rise on Earnings Expectations, Inpex Gains

(Bloomberg) -- Japanese stocks advanced, led by
banks, after Sumitomo Mitsui Financial Group Inc. forecast
profit will increase for this business year.

Sumitomo Mitsui climbed 2.8 percent after projecting a 22
percent increase in its net income for this business year. NEC
Corp. jumped 6.1 percent, the biggest gain since Oct. 2005,
after saying profit will triple this year.


Read more at Bloomberg Stocks News

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