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Article: HANSHIN ELECTRIC RAILWAY STOCK GOES LIMIT-UP.
- Article from:
- AsiaPulse News
- Article date:
- September 28, 2005
CopyrightCOPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Sept 28 Asia Pulse - Hanshin Electric Railway Co. (TSE:9043) rose Tuesday by its daily limit of 98 yen to 945 yen (US$8.36) on speculative buying by individual investors, reaching a 15-year high following nine straight days of increases.
The development came as word spread that an investment fund led by stockholder activist Yoshiaki Murakami had grabbed a large number of Hanshin shares. But because the issue had been rising uninterruptedly since the beginning of the month before the announcement of the fund's stock purchase, some market players also point to overheating.
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