By Kevin Buckland TOKYO, Jan 25 (Reuters) - Japan's Nikkei share average rose on Wednesday, extending its rally to a fourth session, although gains were subdued following a surge above the psychological 27,000 level in the previous session as earnings season got underway. Automotive battery component supplier Dai Nippon Printing7912.T soared 13% to top the leaderboard, following media reports that activist investor Elliott Management had taken a large stake. Suzuki Motor was another big gainer, after its India unit Maruti Suzuki'sMRTI.NS quarterly profit more than doubled. At the bottom though, was motor maker Nidec, which tumbled after almost halving its forecast profit in an inauspicious start to Japan's earnings season. The Nikkei.N225 ended the morning session up 0.11% at 27,299.19, not far from the session high. However, it failed to reach the five-week high of 27,381.00 hit on Tuesday. The broader Topix.TOPX added 0.19% to 1,976.62. "To be honest, I hadn't expected the Nikkei to top 27,000 yesterday," Kazuo Kamitani, an equity strategist at Nomura, said in a conference call with journalists. "These last three days, the Nikkei has risen quite a lot, so there is a feeling like it might be a bit overheated," he added. "The remainder of this week, the topside is likely to be heavy." Of the Nikkei's 225 components, 149 rose, 65 fell and 11 were flat. Dai Nippon Printing jumped 12.97%, also lifting peer Toppan7911.T , which advanced 5.18% to be the Nikkei's no. 2 performer. Suzuki7269.T was next with a 4.88% gain. By contrast, Nidec6594.T tumbled 5.39%, making it the Nikkei's worst performer by a large margin. Semiconductor-related shares also did poorly, with chip-testing-equipment maker Advantest6857.T sliding 1.61%. Other big name losers on the day included Toyota7203.T and Sony6758.T , which each shed about 0.5%. (Editing by Rashmi Aich) ((Kevin.Buckland@thomsonreuters.com;))

Warning: This material has been prepared by a third party company, Reuters, which is independent of Davy. Davy has not reviewed the material and accepts no responsibility for errors or omissions, or for the information or opinions contained therein. It does not constitute investment advice.
Warning: This content may be provided by regulated and unregulated entities and is not created, reviewed or endorsed by Davy. It is provided for general information purposes only and does not constitute a recommendation or solicitation to purchase or sell any security or make any other type of investment or investment decision. Importantly, it does not constitute investment advice, as it does not contemplate the personal circumstances of any particular person or group of persons. Neither Davy nor the providers of the Third Party Content will be liable for any investment decision made based on the reliance on or use of such data, or any liability that may arise due to delays or interruptions in the delivery of the Third Party Content for any reason.
Latest News

ReutersFOREX-Dollar gains as central banks take central stage
ReutersUPDATE 9-Oil falls 2% as rate hikes loom and Russian flows stay strong
ReutersUS STOCKS-Tech, megacaps drag Wall St lower at start of big market week
ReutersPRECIOUS-Gold treads water as spotlight shifts to U.S. Fed meeting
ReutersUS STOCKS-Nasdaq falls as megacaps drop ahead of earnings, Fed meet in focus
ReutersUPDATE 2-FTSE 100 gains ahead of central bank meetings, Unilever up on new CEO
ReutersUPDATE 2-Europe stocks slip as hot Spanish inflation data fans rate hike concerns
ReutersUS STOCKS-Nasdaq falls as megacaps drop ahead of earnings, Fed meet in focus
ReutersFOREX-Dollar steady as central banks take central stage
ReutersUS STOCKS SNAPSHOT-Wall Street opens lower ahead of Fed rate decision