Bloomberg News

Japan Equity Movers: Shindengen Electric, Nomura, Pronexus

March 23, 2012

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

To contact the reporter responsible for this story: Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net

To contact the editor responsible for this story: Jason Clenfield in Tokyo at jclenfield@bloomberg.net


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