SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?


To: jack bittner who wrote (13622)4/4/2000 9:58:00 AM
From: Bipin Prasad  Respond to of 19080
 
Japan Hot Stock: Avex Down 10% After Institutions Sell
Dow Jones Newswires

TOKYO (Nikkei/Dow Jones)--Shares of Avex Inc. (J.AVX or 7860) closed 10% lower Tuesday after active selling by institutional investors, market players said.

Avex shares closed down Y1,750 at Y15,800 after touching a record low of Y15,550 at one point in morning trade on the Tokyo Stock Exchange. Volume reached 180,700 shares, more than double Monday's total.

Some traders said institutional investors might have sold to generate cash to obtain shares in Oracle Corp. Japan's (J.ORA or 4716) planned new share issue.

--------------------------------------------------------------------------------
Briefing