Tokyo stocks close higher on year-end dividend buying

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TOKYO, March 29 (Xinhua) — Tokyo stocks closed higher Monday as investors bought a broad range of stocks to secure the right to end of year dividends before the issues turn ex-dividend at the end of this month.

The 225-issue Nikkei Stock Average added 207.82 points, or 0.71 percent, from Friday to close the day at 29,384.52.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 9.18 points, or 0.46 percent, to finish at 1,993.34.

Retail, rubber product and machinery-oriented issues comprised those that advanced the most by the close of play. Enditem

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