TOKYO, March 10 (Reuters) - The benchmark Nikkei average and the broader TOPIX dipped 0.1 percent on Wednesday.
The following stocks were on the move:
**NIPPON LIGHT METAL CLIMBS AFTER BROKER UPGRADE**
Aluminium producer Nippon Light Metal rose 7.3 percent to 117 yen after UBS lifted its rating to 'buy' from 'neutral', saying the company's planned sale of its loss-making building materials business, Shin Nikkei, should have no impact on its balance sheet despite previous concerns.
Nippon Light Metal (NLM) agreed on Tuesday to sell its entire stake in Shin Nikkei Co Ltd to major aluminium sash maker JS Group Corp.
'The risk that some of Shin Nikkei's restructuring losses would stay with NLM had been a concern. These will amount to 6 billion yen, but as an equivalent value will be booked against deferred tax assets, there should be no impact on the balance sheet; our impression of the move is therefore positive,' UBS analyst Atsushi Yamaguchi said in a research note.
JS Group fell 1 percent to 1,780 yen.
0200 GMT
**NISSHIN STEEL RISES ON PLANNED INCLUSION INTO NIKKEI 225**
Stainless steel maker Nisshin Steel climbs 6.3 percent to 185 yen after the publisher of Japan's benchmark Nikkei 225 said on Tuesday it will add the company's shares to the index on March 29.
A new position in the index opened up with the merger of Nippon Oil Corp and Nippon Mining Holdings Inc.
0113 GMT
**TOYOTA DIPS AFTER NEWS OF PRIUS PROBE,EXPANDED TUNDRA RECALL**
Toyota Motor Corp's shares dipped 0.6 percent to 3,475 yen after news that it and U.S. safety regulators sent investigators to San Diego on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier.
The fall in Toyota's shares also came after the carmaker said on Tuesday it would fix all 2000 to 2003 model Tundra pickups sold in the United States due to a risk that part of the truck's frame could corrode, causing spare tyres or the gasoline tank to fall off.
Toyota's shares were the third-most heavily traded by turnover on the Tokyo exchange's first section
0019 GMT
(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))
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 2010. 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:
**NIPPON LIGHT METAL CLIMBS AFTER BROKER UPGRADE**
Aluminium producer Nippon Light Metal rose 7.3 percent to 117 yen after UBS lifted its rating to 'buy' from 'neutral', saying the company's planned sale of its loss-making building materials business, Shin Nikkei, should have no impact on its balance sheet despite previous concerns.
Nippon Light Metal (NLM) agreed on Tuesday to sell its entire stake in Shin Nikkei Co Ltd to major aluminium sash maker JS Group Corp.
'The risk that some of Shin Nikkei's restructuring losses would stay with NLM had been a concern. These will amount to 6 billion yen, but as an equivalent value will be booked against deferred tax assets, there should be no impact on the balance sheet; our impression of the move is therefore positive,' UBS analyst Atsushi Yamaguchi said in a research note.
JS Group fell 1 percent to 1,780 yen.
0200 GMT
**NISSHIN STEEL RISES ON PLANNED INCLUSION INTO NIKKEI 225**
Stainless steel maker Nisshin Steel climbs 6.3 percent to 185 yen after the publisher of Japan's benchmark Nikkei 225 said on Tuesday it will add the company's shares to the index on March 29.
A new position in the index opened up with the merger of Nippon Oil Corp and Nippon Mining Holdings Inc.
0113 GMT
**TOYOTA DIPS AFTER NEWS OF PRIUS PROBE,EXPANDED TUNDRA RECALL**
Toyota Motor Corp's shares dipped 0.6 percent to 3,475 yen after news that it and U.S. safety regulators sent investigators to San Diego on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier.
The fall in Toyota's shares also came after the carmaker said on Tuesday it would fix all 2000 to 2003 model Tundra pickups sold in the United States due to a risk that part of the truck's frame could corrode, causing spare tyres or the gasoline tank to fall off.
Toyota's shares were the third-most heavily traded by turnover on the Tokyo exchange's first section
0019 GMT
(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))
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 2010. 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.