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Tokyo bourse's Prime section debuts with 1,839 companies

Two-thirds of top tier blue chips manage gains on first day of overhaul

The Tokyo Stock Exchange has overhauled its grouping of shares for the first time in six decades. (Source photo by Ken Kobayashi)

TOKYO -- The Tokyo Stock Exchange overhauled its grouping of shares for the first time in six decades on Monday, seeking to attract overseas investors by offering a top tier of 1,839 blue chips that clear tougher hurdles for corporate governance than the old first section.

Tokyo stocks drifted around a flat line for most of the day but managed to close higher after a three-day fall. The Nikkei Stock Average finished up 70.49, or 0.25%, at 27,736.47. In the Prime market, the exchange's top-tier section, 67% of the issues closed higher.

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