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Nintendo shares in Japan hit highest point since 2008


Nintendo’s shares closed at 50,110 per yen today (Thursday, 18th June) which marks the highest point they’ve been since August 2008, according to Refinitiv. Amir Anvarzadeh, a Japan stock market strategist at Asymmetric Advisors, has predicted that the spike occurred due to the recent round of exciting Pokemon news that we got yesterday. Another reason cited for the sudden uplift was that people are anticipating a second wave of lockdowns due to the Coronavirus pandemic which, in turn, may result in a further uplift in videogame sales for Nintendo.

Share prices will fluctuate but it’s interesting to see how Nintendo’s are performing amid this pandemic and how the prices change due to announcements like the one we got yesterday.

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2 thoughts on “Nintendo shares in Japan hit highest point since 2008”

  1. Nintendo “stock” beta is 0.73, which is pretty decent stable; but it does fluctuate a lot β€” always will in this industry. I bet Animal Crossing and Ring Fit have contributed a lot to this.

    1. π‘΅π’Šπ’π’•π’†π’π’…π’ π‘­π’Šπ’“π’”π’• 𝑢𝒓𝒅𝒆𝒓 𝑹𝒆𝒂𝒗𝒆𝒓

      I have to buy Ring Fit Adventure.

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