Sunday May 11, 2025
Wednesday, 6 April 2011 00:01 - - {{hitsCtrl.values.hits}}
Reuters: Tokyo Commodity Exchange said on Tuesday it expects a recurring loss of around 800 million yen ($9.5 million) on a parent basis for the financial year that ended on 31 March, nearly double the loss initially forecast.
Japan’s largest commodity exchange had initially forecast a recurring loss of about 300-400 million yen for fiscal 2010/11.
For the month of March, trading in oil products and precious metals increased from February as global markets surged on tensions in the Middle East. But the destructive earthquake and tsunami that devastated wide areas in northeastern Japan on March 11 caused a sharp drop in activity on the exchange, weighing on trading volumes.
“Had it not been for the earthquake, we would have done better and trading volumes for the entire fiscal year could have turned positive from a year earlier,” TOCOM President and CEO Tadashi Ezaki told a regular news conference.
Trading volume for fiscal 2010/11 stood at 28,003,737 lots, down 0.1 percent from a year earlier. In the few days immediately after the quake, open interest shrank sharply, probably due to foreign investors closing positions, Ezaki said. Open interest at the end of March stood at 290,274 lots, falling below 300,000 for the first time in about six months. “Trading regained some calm in the last few days of March and open interest is on the rise,” Ezaki said, but added that the outlook remained uncertain, pending developments at Tokyo Electric Power Co’s Fukushima Daiichi nuclear plant, where engineers are struggling to control radiation leaks and prevent further reactor meltdowns. TOCOM lists gold, platinum, rubber and other industrial commodity futures. $1=84.04 Japanese Yen).
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.