Capcom shares hit five-year high

Saturday, 29 November 2008 08:11 GMT By Patrick Garratt


Capcom shares hit a five-year high in Tokyo trading yesterday, climbing 18 percent to close at 1,938 yen.

The boost came after Mitsubishi UFJ Financial Group increased its rating to “strong outperform” on the firm, guessing earnings will rise 39 per cent to 71.6 billion yen in the year ending March 31.

“The three titles to watch out for in the second half are Biohazard 5, Street Fighter IV and Bionic Commando,” said Hirotoshi Murakami, a Tokyo-based analyst at Mitsubishi UFJ.

Thanks, GI.