Nintendo shares hit three-month high on Friday due to triple game releases

Saturday, 23 November 2013 19:50 GMT By Stephany Nunneley

Nintendo stock climbed 4.2% on Friday morning, November 22, ahead of the simultaneous releases of Super Mario 3D WorldThe Legend of Zelda: A Link Between Worlds and Mario Party: Island Tour .

The share increase represented a three- month high for the firm. According to Reuters, stock was up 3.9% at “13,500 yen by 0152 GMT, with volume at 63% of the full daily average for the past 90 trading days.”

The report states that alongside the game releases, Nintendo also benefited from a softer yen, which was down to a 4-1/2 month low against the dollar.

Nintendo announced this week that Pokémon X & Y sold 2 million units in the US and contributed to a 135% uptick in sales for the 3DS family of systems, making games the fastest Pokémon game in the region to hit 1 million units.

Thanks, Nintendo Life.