Nintendo’s steepest share price fall in two years occurred yesterday after the company failed to place in the Nikkei 255 Stock Average listings, against analyst expectations.
The game publisher’s stock fell more than 8.4 per cent to 10,860 JPY, a reversal on the previous 31 per cent gain from speculation that the company would be included in the Nikkei after an annual review of publicly traded companies in Japan. Nintendo is listed on the Osaka exchange.
Despite disappointing sales of its flagship Wii U game console, Nintendo has seen some improvement in market conditions lately, with its 3DS portable game console and games selling well, a recent Wii U price cut and release of the lower price 2DS handheld.
