15 March 2004, 09:37  Japanese stocks rebound, banks and realtors bought

Tokyo's Nikkei average ended higher on Monday as foreign and retail investors bought back real-estate, bank and other domestic-oriented shares after last week's sell-off. Growing trade volume also helped securities stocks post handsome gains, with industry leader Nomura Holdings <8604.T> tacking on 2.88 percent to 1,819, while Matsui Securities Co <8628.T>, one of Japan's two listed online brokerages, rose 3.58 percent to 3,180. The Nikkei average <.N225> closed up 1.39 percent at 11,317.90, after losing 3.25 percent last week, its biggest weekly fall in four months.
The Nikkei retreated last week along with other major equity markets as investors unloaded shares in reaction to recent heady gains and due to security concerns after the bombings in Madrid. The broader TOPIX index <.TOPX> gained 1.58 percent to 1,124.92.//

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