Konami Group hits record high; coly falls to limit after Disney game launch
In the November 5 morning session, 76 of 98 listed game and entertainment stocks rose, while coly ended the morning at stop-low.
Konami Group shares reached an all-time high during the November 5 morning trading session, while coly shares hit the daily limit and closed the morning at stop-low after the company released a new smartphone game using Disney IP, according to gamebiz.jp.
Colopl shares also rose sharply in the same session, following the previous day's earnings release, which showed a large profit increase.
Nintendo and Bandai Namco Holdings shares were among the gainers. Sony Group was due to report earnings that day.
Across the broader market, 76 of 98 listed game and entertainment stocks advanced in the morning session, 17 declined and 5 were unchanged.
Earnings in focus
Colopl's jump came on the back of its results published on November 4, which pointed to a large increase in profit. The company had not, as of the morning session, disclosed further figures in the material cited by gamebiz.jp.
Quick answers
Did Konami Group shares hit a record high?
Yes. According to gamebiz.jp, Konami Group stock hit an all-time high in the November 5 morning trading session.
Why did coly shares hit the daily limit?
Coly shares fell to the daily limit and ended the morning session at stop-low after the company released a new smartphone game using Disney IP.
How did the wider games sector perform?
Of 98 listed game and entertainment stocks, 76 rose, 17 fell and 5 were unchanged in the morning session.