Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Nintendo Gains on Speculation Nikkei 225 Will Add Its Shares

Aug. 15 (Bloomberg) -- Nintendo Co., the world’s largest maker of video-game players, rose the most in 33 months in Osaka on speculation it will be included in the Nikkei 225 Stock Average should the city’s exchange merge with the Tokyo’s.

Nintendo rose 9.8 percent, the biggest gain since November 2008, to 11,970 yen, as of the 3:10 p.m. close on the Osaka Securities Exchange. Murata Manufacturing Co. jumped 3 percent, and Omron Corp., also listed in Osaka, advanced 4 percent.

Tokyo Stock Exchange Inc. is close to reaching a takeover agreement with Osaka Securities Exchange Co., the Yomiuri newspaper reported Aug. 13. Both companies denied the report. Inclusion in the Nikkei 225 means managers of index funds would have to buy the shares.

“The expectation that Nintendo and other Osaka-listed shares would be included in the Nikkei if the two bourses manage to merge drove the shares higher,” Toshihiko Matsuno, a senior strategist at SMBC Friend Securities Co. in Tokyo, said today by phone.

Japanese exporters including Nintendo also got a boost after the yen weakened, Matsuno said. Yoshihiko Noda, Japan’s finance minister, said yesterday that he’s ready to step in again to stem a yen advance that risks slowing the nation’s recovery.

The yen depreciated to as weak as 77.10 against the dollar in Tokyo trading, compared with 76.71 on Aug. 12.

To contact the reporter on this story: Naoko Fujimura in Tokyo at nfujimura@bloomberg.net.

To contact the editor responsible for this story: Young-Sam Cho at ycho2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.