It's been a grisly start to 2016 in the stock market, with dramatic falls in China contributing to falling share prices around the world. After a number of consecutive days of decline the Japanese stock market rallied today, however, and Nintendo's shares seem to have been among the biggest beneficiaries.
In the most recent day's trading two separate averages in the Tokyo market climbed just under 3%, a reverse after a trend of six days of consecutive drops. Nintendo's share value jumped 935 Yen, just under 6.5% overall, bringing it to its highest point since 5th January and to a notable level in the broader context of the market.
Bloomberg highlighted a number of Japan-based companies that posted increases of around 4% and above, with Nintendo being the biggest gain of those cited. Analyst Hideki Yasuda at Ace Research Institute cited 'high expectations ahead of a new smartphone game release', according to Bloomberg, which presumably refers to the planned March release of Miitomo.
It's certainly a positive that Nintendo showed some of the healthiest gains when the wider market allowed it; after two months of gradual decline the above-average increase may steady some nerves.
Yay, slow news week.
@Zach777 Meh I don't know, it could've been something about Awesome Games Done Quick for the 999th time...
Thanks China, you are destroying my 401k.
This is great! This must be Kimishima-san's first move!
kimishima's contribution can best be felt when someone around him says 'mobile market' and you can see his eyes glimmer. lots of people around him probably see that as well and this is the year when the glimmer starts to become reality.
Alright, glad to hear that.
News? Snooze more like!
See? If you just bought a few days ago you would have just made money! Idk how much...
Who would have thought that share prices change sometimes. Unless it changes dramatically, I don't see much importance in it.
@ThomasBW84 - Well now that we have Nintneod's stock value in reference to the rest of the market, looking much better that way, maybe you can tell me what happened to the article about some game coming out in Aus and NZ in autumn, I think it was Pokken Tournament. Not only has the entire article seemingly disappeared, but the comment in my profile disappeared as well. Weird.
Until Miitomo flops and investors flee like never before
@rjejr The article was a mistake, when I saw 'Autumn' I thought Fall, but forgot that the seasons are the other way around in Australia. So it's Summer there now, and Autumn 'down under' = Spring in Europe / North America. A reader highlighted it and I didn't want people to see it and click it thinking there was a delay, so I deleted it and tweeted to clarify the error (poking fun at myself) from the Nintendo Life account. So Pokken Tournament is still 'Spring' everywhere.
@ThomasBW84 Yeah ok, that makes sense. And it's nice to know I'm not losing my mind completely. And I do recall that post, I think it was the one after mine. Glad to see you got it all straightened out, but I'm surprised you didn't just edit it as a lesson and warning to all of us, and big companies in general, to stop using seasons, it's confusing.
"according to Bloomberg, which presumably refers to the planned March release of Miitomo."
No, no stock is ever going to pop on Miitomo, that's nonsensical, they probably mean Pokemon Go and the stock likely popped on the 20 year Pokemon anniversary news. Hype is good, I wish somebody at The Pokemon Company would impart that little bit of wisdom to their part owners at Ntinedo.
It will keep declining until the NX rears its head, its like this with every major game/tech company. New product comes out and it goes up and up and up, then declines until a new business venture announcement , favorable sales figures, or some other product incorporates some technology from the other company. Otherwise it's down down down with random bumps from rumors or general market news.
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