TOKYO, Nov 12 (Reuters) - The benchmark Nikkei average rose 0.1 percent and the broader Topix dipped 0.4 percent on Thursday.
The following stocks were on the move:
**SHIPPERS DOWN ON FINANCING WORRIES AFTER NIPPON YUSEN OFFER**
Shipping companies extended losses after Nippon Yusen said it would raise up to 142.5 billion yen ($1.6 billion) through a public share offering of 427 million new shares.
Market analysts said the announcement raised fears that other shipping firms would have to do the same.
Nippon Yusen lost 5.2 percent to 310 yen, Kawasaki Kisen K.K. also lost 5.2 percent to 313 yen, and Mitsui O.S.K. Lines fell 2 percent to 528 yen.
The shipping subindex fell 3.4 percent, the biggest loser among the subindexes.
0347 GMT
**CARMAKERS UP; GOLDMAN TURNS MORE BULLISH ON HONDA, FUJI HEAVY**
The transport equipment sector rose 1.7 percent and Fuji Heavy Industries jumped 5.6 percent to 361 yen after Goldman Sachs raised its rating on the maker of Subaru cars to 'buy' from 'neutral'.
Honda climbed 2.1 percent to 2,915 yen after Goldman added Honda, already rated 'buy', to its Conviction List, citing larger-than-expected guidance hikes with first-half results based on cost cuts and improved production volume.
Analyst Kota Yuzawa said he was most bullish on Honda 'on its earnings power as it implements cost cuts ahead of peers.' He said Fuji Heavy was upgraded due to improved earnings fuelled by the U.S. market.
0146 GMT
**CHIYODA CORP, KOITO MANUFACTURING SURGE ON MSCI RESHUFFLE**
Oil and gas engineering group Chiyoda Corp climbed 2.9 percent to 705 yen and car lighting equipment maker Koito Manufacturing Co Ltd jumped 5.6 percent to 1,393 yen after equity index provider MSCI added those shares to the MSCI Japan Index as part of a semiannual review of MSCI's Global Standard Indices.
All companies newly added to the index including Air Water Inc, Sysmex Corp, and Nissha Printing Co Ltd rose.
The reaction among the seven shares deleted from the index hwas mixed, with TBS Holdings falling 3.1 percent to 1,268 yen but Onward Holdings rising 2.3 percent to 542 yen.
For full list of additions and deletions to the MSCI Japan Index announced on Wednesday, click:
0112 GMT
**FAMILYMART RISES; SOURCE SAYS IN TALKS TO BUY AM/PM JAPAN**
FamilyMart Co, Japan's third-largest convenience store operator, gained 2.2 percent to 2,540 yen after a source familiar with the matter said FamilyMart is in talks to buy smaller rival am/pm Japan Co.
0012 GMT
(For IPO news, data and diary, click, for stocks click)
(Reporting by Tokyo Bureau)
((Tokyo Markets Team; tokyo.markets@thomsonreuters.com; +81-3-6441-1872)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
($1=89.84 Yen) Keywords: MARKETS JAPAN STOCKS HOT (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The following stocks were on the move:
**SHIPPERS DOWN ON FINANCING WORRIES AFTER NIPPON YUSEN OFFER**
Shipping companies extended losses after Nippon Yusen said it would raise up to 142.5 billion yen ($1.6 billion) through a public share offering of 427 million new shares.
Market analysts said the announcement raised fears that other shipping firms would have to do the same.
Nippon Yusen lost 5.2 percent to 310 yen, Kawasaki Kisen K.K. also lost 5.2 percent to 313 yen, and Mitsui O.S.K. Lines fell 2 percent to 528 yen.
The shipping subindex fell 3.4 percent, the biggest loser among the subindexes.
0347 GMT
**CARMAKERS UP; GOLDMAN TURNS MORE BULLISH ON HONDA, FUJI HEAVY**
The transport equipment sector rose 1.7 percent and Fuji Heavy Industries jumped 5.6 percent to 361 yen after Goldman Sachs raised its rating on the maker of Subaru cars to 'buy' from 'neutral'.
Honda climbed 2.1 percent to 2,915 yen after Goldman added Honda, already rated 'buy', to its Conviction List, citing larger-than-expected guidance hikes with first-half results based on cost cuts and improved production volume.
Analyst Kota Yuzawa said he was most bullish on Honda 'on its earnings power as it implements cost cuts ahead of peers.' He said Fuji Heavy was upgraded due to improved earnings fuelled by the U.S. market.
0146 GMT
**CHIYODA CORP, KOITO MANUFACTURING SURGE ON MSCI RESHUFFLE**
Oil and gas engineering group Chiyoda Corp climbed 2.9 percent to 705 yen and car lighting equipment maker Koito Manufacturing Co Ltd jumped 5.6 percent to 1,393 yen after equity index provider MSCI added those shares to the MSCI Japan Index as part of a semiannual review of MSCI's Global Standard Indices.
All companies newly added to the index including Air Water Inc, Sysmex Corp, and Nissha Printing Co Ltd rose.
The reaction among the seven shares deleted from the index hwas mixed, with TBS Holdings falling 3.1 percent to 1,268 yen but Onward Holdings rising 2.3 percent to 542 yen.
For full list of additions and deletions to the MSCI Japan Index announced on Wednesday, click:
0112 GMT
**FAMILYMART RISES; SOURCE SAYS IN TALKS TO BUY AM/PM JAPAN**
FamilyMart Co, Japan's third-largest convenience store operator, gained 2.2 percent to 2,540 yen after a source familiar with the matter said FamilyMart is in talks to buy smaller rival am/pm Japan Co.
0012 GMT
(For IPO news, data and diary, click, for stocks click)
(Reporting by Tokyo Bureau)
((Tokyo Markets Team; tokyo.markets@thomsonreuters.com; +81-3-6441-1872)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
($1=89.84 Yen) Keywords: MARKETS JAPAN STOCKS HOT (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.