Koei Surges on Expected Demand for PlayStation 2 Game Software
By Tim Kelly
quote.bloomberg.com
Tokyo, March 8 (Bloomberg) -- Koei Co., a Japanese maker of video games, rose as much as 14 percent as investors bet the company would benefit from a rise in sales of software for Sony Corp.'s PlayStation 2 console.
The shares rose as much as 500 yen to 4,140 yen and recently traded at 4,050, up 11 percent. About 1.4 million shares changed hands, 3.7 times their daily average for the past three months.
``The PlayStation 2 market should expand in the next fiscal year, and Koei is a prominent software maker,'' said Hirotoshi Murakami, an analyst at Kokusai Securities Co., who rates Koei ``neutral.''
The shares of other gamemakers rose earlier this week, notably Konami Corp., whose shares have gained 25 percent since last Friday's close and recently traded at 3,110, down 20 yen. |
