Mitsui O.S.K., Osaka Titanium, Parco, Suzuki, Yahoo Japan: Equity Movers
Japan’s Nikkei 225 Stock Average rose 27.13, or 0.3 percent, to 8,872.52 at the 11 a.m. trading break in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Mitsui O.S.K. Lines Ltd. (9104 JT) fell 1.3 percent to 535 yen after the shipping line was cut to “underperform” from “outperform” at Mizuho Securities Co.
Osaka Titanium Technologies Co. (5726 JT) surged 7.1 percent to 3,705 yen, its biggest gain since March 29. The titanium smelter said it will resume investment in boosting titanium sponge capacity and that it restarted polysilicon production at its Hyogo Plant.
Parco Co. (8251 JT) jumped 5.1 percent to 645 yen. The manager of shopping centers will sell 15 billion yen of convertible bonds to the Development Bank of Japan, according to a filing with the finance ministry. Separately, Parco announced the company will expand its business in China.
Sumisho Computer Systems Corp. (9719 JT) climbed 6 percent to 1,356 yen. The software developer was raised to “strong outperform” from “market perform” at Mitsubishi UFJ Morgan Stanley Securities Co.
Suzuki Motor Corp. (7269 JT) rose 1.9 percent to 1,622 yen. Suzuki Motorcycle India Pvt., the automaker’s subsidiary unit, plans to double manufacturing capacity to 540,000 units by 2012, Chairman Katsumi Takata said in New Delhi.
Yahoo Japan Corp. (4689 JT) increased 2.8 percent to 30,850 yen. The operator of Japan’s most-visited Internet portal was raised to “outperform” from “neutral” by Atsuo Takahashi, an analyst at Mizuho Securities Co.