7 November 2003, 09:34  Tokyo stocks rise in thin trade ahead of election

TOKYO, Nov 7 - Tokyo stocks rose slightly on Friday as investors snapped up Takeda Chemical Industries <4502.T> and other companies with healthy earnings prospects in quiet trade ahead of U.S. job data and Japan's general election. The Nikkei average <.N225> closed up 0.73 percent at 10,628.98, recovering from Thursday's 2.63 percent fall, which was the biggest decline in two weeks. The broader TOPIX index <.TOPX> was up 0.93 percent at 1045.15. Trade volume slowed to 1.03 billion shares, down from 1.31 billion shares on Thursday and the lowest this week, as investors held their breath ahead of Sunday's Lower House election in Japan and U.S. payroll data due later Friday. Gainers outnumbered decliners 763 to 630. Takeda extended gains after it released its half-year earnings results in the afternoon, closing up 3.32 percent at a day's high of 4,040 yen. The company said its operating profit rose 16.7 percent on strong sales of key drugs such as its Actos diabetes treatment.//www.reutres.com

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