Japan Hot Stk: Oracle Japan Limit-Up After Nasdaq Record
TOKYO (Nikkei/Dow Jones)--Shares of Oracle Corp. Japan (J.ORA or 4716), a provider of database management software, are limit-up Monday afternoon on the over-the-counter market following another record close of the U.S. Nasdaq last Friday.
At 0505 GMT (12:05 a.m. EST), Oracle Corp. Japan shares were up by their daily limit of Y3,000, or 7.0%, at Y45,700 on the Tokyo Stock Exchange, with 27,100 shares traded so far.
Players expect a number of investment trusts scheduled to be established toward the end of the month to incorporate Oracle Japan shares, said Hiroki Kita, an official at the investment information department of Meiko National Securities.
A strong rebound of Softbank Corp. (J.SFT or 9984) shares also helped investor confidence in Internet shares in general, traders said. Softbank was up Y5,100, or 6.0%, at Y90,100 on the Tokyo Stock Exchange.
Friday, the tech-rich Nasdaq Composite Index rose 45.41 points to 4234.92, its third straight record.
-------------------------------------------------------------------------------- |
