TOKYO, Nov. 16 (Xinhua) -- Tokyo stocks closed higher Thursday, bringing an end to the Nikkei's six-day losing streak, as investors, encouraged by the yen weakening against the U.S. dollar, sought out bargains after the market's slide.
The 225-issue Nikkei Stock Average added 322.80 points, or 1.47 percent, from Wednesday to end the day at 22,351.12.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 17.70 points, or 1.01 percent, to close at 1,761.71.
Local traders here said that after the market's recent rally and subsequent loss thereafter of almost 4 percent as the Nikkei closed down for 6-straight days, stocks were deemed relatively cheap and investors were buying on dips.
Bargains were being sought throughout the day, with food, retail, and fishery and agriculture-related shares attracting buying as they had declined the most recently.
Brokers here also said that the yen weakening against the U.S. dollar after an overnight rise also incentivized investors and gave the export sector, reliant on a weak yen, a boost.
Information and communication, air transportation and retail-linked issues comprised those that gained the most by the close of play, and rising issues beat falling ones by 1,518 to 438, on the First Section, with 79 ending the day unchanged.
On the main section on Thursday, 1,774.16 million shares changed hands, dropping from Wednesday's volume of 2,159.18 million shares.
The turnover on the penultimate trading day of the week came to 3,082.9 billion yen (27.24 billion U.S. dollars).
