{"id":40870,"date":"2024-12-05T13:32:58","date_gmt":"2024-12-05T04:32:58","guid":{"rendered":"https:\/\/automaton-media.com\/en\/?p=40870"},"modified":"2024-12-05T13:34:39","modified_gmt":"2024-12-05T04:34:39","slug":"nintendo-shares-rise-for-8-consecutive-days-reaching-record-high-in-response-to-saudi-arabian-fund-lowering-its-stake-to-5-26","status":"publish","type":"post","link":"https:\/\/automaton-media.com\/en\/news\/nintendo-shares-rise-for-8-consecutive-days-reaching-record-high-in-response-to-saudi-arabian-fund-lowering-its-stake-to-5-26\/","title":{"rendered":"Nintendo shares rise for 8 consecutive days, reaching record high in response to Saudi Arabian fund lowering its stake to 5.26%\u00a0"},"content":{"rendered":"\n

Nintendo<\/strong>\u2019s share price has been on a continuous rise for the past eight days, hitting a new record for the first time in nearly five months (source: Otaku Soken<\/a>). At the time of the market\u2019s closing on December 4, the company\u2019s stock price had risen by more than 1,000 yen, reaching 9,210 yen.\u00a0\u00a0<\/p>\n\n\n\n

On November 13, it was reported that the PIF, Saudi Arabia\u2019s sovereign wealth fund, reduced its stake in Nintendo to 6.29%. But on December 2, Reuters<\/a> reported that the Japanese government received a change report in which the PIF\u2019s stake was further lowered to 5.26%. <\/p>\n\n\n\n

According to Kabutan<\/a>, the fact that the PIF has finished trimming its stake in Nintendo has had a positive effect on investor sentiment. The additional 1% reduction of the Saudi Arabian fund\u2019s stake is believed to have brought a sense of stability to the market. <\/p>\n\n\n\n

Another driving force behind Nintendo\u2019s shares rising is speculation about the Switch\u2019s successor being planned for launch in early Spring next year. In addition, a NET Securities Analyst tells Kabutan that recent talk of Sony Group proposing to acquire Kadokawa has become a catalyst for people to reevaluate Nintendo\u2019s IP development capabilities. <\/p>\n","protected":false},"excerpt":{"rendered":"

Nintendo’s stock price has reached a record high since listing, fueled by the reduction of the PIF’s stake and speculation about the Switch 2.<\/p>\n","protected":false},"author":55,"featured_media":40876,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[3],"tags":[261,17,33],"class_list":["post-40870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-financial-news","tag-japan-related-news","tag-nintendo"],"blocksy_meta":[],"yoast_head":"\nNintendo shares rise for 8 consecutive days, reaching record high in response to Saudi Arabian fund lowering its stake to 5.26%\u00a0 - AUTOMATON WEST<\/title>\n<meta name=\"description\" content=\"Nintendo's stock price has reached a record high since listing, fueled by the reduction of the PIF's stake and speculation about the Switch 2.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/automaton-media.com\/en\/news\/nintendo-shares-rise-for-8-consecutive-days-reaching-record-high-in-response-to-saudi-arabian-fund-lowering-its-stake-to-5-26\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nintendo shares rise for 8 consecutive days, reaching record high in response to Saudi Arabian fund lowering its stake to 5.26%\u00a0 - 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