Japan's Nikkei average booked its best weekly rise in seven months on Friday and market players said more gains may be in store after it moved away from a seven-month low and held above a key retracement support. The benchmark Nikkei added 0.5 per cent to 9,585.32,while the broader Topix was flat at 861.21. The Nikkei rose 4.1 per cent this week,its best weekly performance since December,as pessimism about the outlook for the global economy subsided. Inpex,Japan's top oil and gas explorer,ended the day down 12.8 per cent,after hitting an all-time low,and weighed on the broader market after it said it would raise up to $6.7 billion via a global share offering,diluting the value of existing shares by more than 50 per cent. The share sale is the biggest equity financing deal by a non-financial company in Japan this year,according to research company Dealogic.
