Mon, Jul 22, 2013 | 23:31 BST
Nintendo stock hits two year high
Nintendo share prices are up 4% thanks to sales of recent titles like Animal Crossing: New Leaf.
Bloomberg reports Nintendo shares closed on ¥14,050 yesterday, the highest closing since July 2011.
The boost in price is said to be related to speculation that booming sales of Nintendo titles outside Japan will see a jump in overseas revenue this quarter.
Animal Crossing: New Leaf’s strong position in the NPD charts, as well as the possible lifting of a Chinese ban on consoles, are contributing factors in the stock’s sudden popularity, a market strategist opined.
Nintendo’s stock was transferred from the Osaka Securities Exchange to the Tokyo Stock Exchange this month when the two merged; Nintendo is now eligible for transfer to the Nikkei and its upward trend may see it do so sooner rather than later.
Nintendo has also had notable success with other 3DS titles in recent months; Fire Emblem: Awakening, Donkey Kong Country Returns and Luigi’s Mansion: Dark Moon have all charted persistently this year in various territories.