Nikkei rises to new 5-1/2-year high as real estate, consumer lenders bought on dips

Fri May 17, 2013 2:14am EDT

TOKYO, May 17 (Reuters) - The Nikkei share average rose on
Friday, hitting a fresh 5-1/2-year high and posting two straight
weekly gains supported by ongoing optimism on the back of a weak
    The benchmark Nikkei gained 0.7 percent to 15,138.12
points, the highest closing level since December 2007. The index
rose to as high as 15,157.32 earlier, the highest intraday level
in the same time.
    The index reversed from negative territory in the morning as
investors bought back heavily battered sectors such as real
estate and consumer lenders.