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IND-X Securities - Japanese Radar Screenings – Wednesday, 29 December 2010 A daily scan of the more active stocks to highlight early turning points, and momentum shifts … buy radar 1414 3861 4043 4185 4401 6310 7102 7518 8368 8572 9086 9501 9532 9735

SHO-BOND HOLDIN OJI PAPER CO LT TOKUYAMA CORPOR JSR CORP ADEKA CORP ISEKI & CO LTD NIPPON SHARYO L NET ONE SYSTEMS HYAKUGO BANK LT ACOM CO LTD HITACHI TRANSPO TOKYO ELECTRIC OSAKA GAS CO LT SECOM CO LTD

sell radar 3730 5411 6584 7267 8336 9737

MACROMILL INC JFE HOLDINGS IN SANOH INDUSTRIA HONDA MOTOR CO MUSASHINO BANK CSK CORP

due a bounce 2792 HONEYS CO LTD 9684 SQUARE ENIX HOL due a fall 1515 3231 3234 3269 4188 4321 5482 6104 6728 8303 8880 8957

NITTETSU MINING NOMURA REAL EST MORI HILLS REIT ADVANCE RESIDEN MITSUBISHI CHEM KENEDIX INC AICHI STEEL COR TOSHIBA MACHINE ULVAC INC SHINSEI BANK LT IIDA HOME MAX TOKYU REIT INC

increasing volume - advances 2685 2768 4047 4100

POINT INC SOJITZ CORP KANTO DENKA KOG TODA KOGYO CORP

4203 5101 5196 5805 6505 6621 6641 6844 7456 8112 8570 9477

SUMITOMO BAKELI YOKOHAMA RUBBER KINUGAWA RUBBER SWCC SHOWA HOLD TOYO DENKI SEIZ TAKAOKA ELECTRI NISSIN ELECTRIC SHINDENGEN ELEC MATSUDA SANGYO TOKYO STYLE CO AEON CREDIT SER KADOKAWA GROUP

9404 NIPPON TELEVISI aqr busters - pm volume drop-off 2432 2768 3315 3627 3843 6145 7202 8574 8840 9424

increasing volume - declines 2337 ICHIGO GROUP HO 9432 NIPPON TELEGRAP

closed at day's high [on volume] 2433 2784 3050 3236 3405 4005 4091 4204 4631 4732 4817 5405 5805 6201 6326 6501 6505 7203 7211 7456 8029 8404 8593 8714 9005 9042 9412 9501 9531

new 12m intra-day highs 1766 3349 4100 4825 5186 6268 6501 6621 6770 6844 6981 7735 8304 8325 8815 8907

TOKEN CORP COSMOS PHARMACE TODA KOGYO CORP WEATHERNEWS INC NITTA CORP NABTESCO CORP HITACHI LTD TAKAOKA ELECTRI ALPS ELECTRIC C SHINDENGEN ELEC MURATA MANUFACT DAINIPPON SCREE AOZORA BANK LTD HOKUETSU BANK L TOKYU LAND CORP HOOSIERS CORP

new 12m intra-day lows none aqr busters - pm volume pickup 3382 4041 4088 5805 5949 6508 7550 7832 8304

DENA CO LTD SOJITZ CORP NIPPON COKE & E PRIMEWORKS CORP FREEBIT CO LTD NITTOKU ENGINEE ISUZU MOTORS LT PROMISE CO LTD DAIKYO INC JAPAN COMMUNICA

SEVEN & I HOLDI NIPPON SODA CO AIR WATER INC SWCC SHOWA HOLD UNIPRES CORP MEIDENSHA CORP ZENSHO CO LTD NAMCO BANDAI HO AOZORA BANK LTD

HAKUHODO DY HOL ALFRESA HOLDING DCM HOLDINGS CO PROPERST CO LTD KURARAY CO LTD SUMITOMO CHEMIC TAIYO NIPPON SA SEKISUI CHEMICA DIC CORP USS CO LTD JUPITER TELECOM SUMITOMO METAL SWCC SHOWA HOLD TOYOTA INDUSTRI KUBOTA CORP HITACHI LTD TOYO DENKI SEIZ TOYOTA MOTOR CO MITSUBISHI MOTO MATSUDA SANGYO LOOK INC MIZUHO TRUST & MITSUBISHI UFJ SENSHU IKEDA HO TOKYU CORP HANKYU HANSHIN SKY PERFECT JSA TOKYO ELECTRIC TOKYO GAS CO LT

closed at day's low [on volume] 5233 TAIHEIYO CEMENT 8585 ORIENT CORP 9427 EACCESS LTD

Top stocks / Winners 3236 4331 4835 6505 6621 6641 8029 8922 9477

PROPERST CO LTD TAKE AND GIVE N INDEX CORP TOYO DENKI SEIZ TAKAOKA ELECTRI NISSIN ELECTRIC LOOK INC EARTH CO/THE KADOKAWA GROUP

Laggards / Losers 2337 2766 3730 3838

ICHIGO GROUP HO JAPAN WIND DEVE MACROMILL INC AQ INTERACTIVE

10% Intra-day swingers – advances 3236 4331 4835 6621 6641 8922 9424 9478

PROPERST CO LTD TAKE AND GIVE N INDEX CORP TAKAOKA ELECTRI NISSIN ELECTRIC EARTH CO/THE JAPAN COMMUNICA SE HOLDINGS AND

10% Intra-day swingers – declines 8910 SUNCITY CO LTD Top 10 value traded – [$2.40bn -0.54bn] 6501 6621 7203 7267 7751 8306 8316 8411 9432 9984

HITACHI LTD TAKAOKA ELECTRI TOYOTA MOTOR CO HONDA MOTOR CO CANON INC MITSUBISHI UFJ SUMITOMO MITSUI MIZUHO FINANCIA NIPPON TELEGRAP SOFTBANK CORP

#2678 Sojitz – closed +3.5% on 37.9mn shares [8mn avg] – China lowered rare earth export quotas by 35% to 14,446 metric tons for the first-half of 2011, and will also raise export taxes for some rare earth elements to 25% next year. Sojitz struck a supply deal with Lynas of Australia last month. Lynas closed +10.8% on almost 42mn shs [cf. 19mn avg]. Lynas printed a new 23-year high today. Sojitz trades on 10x Mar12 TK ests. It has underperformed TPX all year and has just [in the last 2 weeks] started to outperform. Sojitz gapped up on the announcement last November, and is on the move again.

hilary.persent@indxsecurties.com - +44 20 7826 9063

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DEC292010RADAR