Japan Equity Movers: Shindengen Electric, Nomura, Pronexus
Nikkei 225 falls 1.1%. Topix drops 1.1%, led by brokerages. Volume 29% below 10-day avg.
Gainers: Pronexus +2.8%; raises dividend forecast to 9 yen from 8 yen Shindengen Electric Manufacturing +8.5%; Mizuho Securities starts coverage with “buy” rating Toko +13%; to sell CB, shares to Murata Manufacturing to raise as much as 3.4b yen Tokyo Electric Power +0.9%; utility to seek up to 900b yen, Asahi reports minutes before market close yesterday Tokyo Dome +5.1%; PT raised to 330 yen from 240 yen at Mitsubishi UFJ Morgan Stanley Tsugami +7.5%; Goldman holds 5.8% stake in corp.
Decliners: Dai-ichi Life Insurance -3.9%; falls 6.4% drop on week, first weekly loss in 8 weeks Nomura Holdings -3.8%; starts internal investigation of whether it was source of confidential information used for alleged insider trading by Chuo Mitsui Asset Trust, Nikkei reports
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