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Pastimes : Japan Asia Investment Company

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To: Taikun who wrote ()12/22/1999 1:38:00 AM
From: Taikun   of 2
 
Great activity today: Closed at 1320, 6.7m shares!

Wednesday, December 22 1:25 PM SGT

Japan Hot Stk: Japan Asia Invest +17.9%; Nomura Top Buyer
TOKYO (Nikkei/Dow Jones)--Shares of venture capital firm Japan Asia Investment Co. (J.JAI or 8518) were sharply higher Wednesday afternoon in over-the-counter buying led by Nomura Securities.
At 0455 GMT (11:55 p.m. EST Tuesday), Japan Asia Investment Co. was up Y200, or 17.9%, at Y1,320, with a heavy 6.1 million shares traded.

Traders said the issue was being bought by Nomura, Merrill Lynch and other brokerages that will begin making a market for the shares starting Monday.

In market making, which was introduced last year as part of a reform package aimed at revitalizing the OTC market, brokerages quote prices for particular issues that they are willing to buy or sell.

Last week Nomura Securities assigned its highest '1' rating to Japan Asia Investment shares
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