Nintendos shares rise to highest level since 1962
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Nintendos share price has risen to a 45 year high. The stocks which climbed 3.2 percent at the close of business today are the highest Nintendo have had since they were first listed on the exchange back in January 1962. “The stock’s rally reflects investors’ positive sentiment about Nintendo’s earnings,” said Junichi Misawa, overseer of more then $655 million US at STB Asset management in Tokyo. Nintendo was also helped by the Yens current exchange rate. Analysts also forecast Nintendos shares will rise a further 15% by April next year. Shareholders are reported to be seen laughing all the way to bank. Source: Bloomberg
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