Thursday, October 3, 2013
SoftBank Tops MUFG By Market Cap At Market's Close
TOKYO (NQN)--Shares in SoftBank Corp. (9984) closed higher for the third straight trading day Thursday, climbing 290 yen to end the day at 7,530 yen. SoftBank briefly rose 300 yen to 7,540 yen before the close, hitting its year-to-date high.
At Thursday's closing price, SoftBank's total market value came to 9.04 trillion yen, topping the 8.72 trillion yen of Mitsubishi UFJ Financial Group Inc. (8306). SoftBank is now the No. 2 company by market capitalization on the Tokyo Stock Exchange's first section, trailing only Toyota Motor Corp.'s (7203) 21.54 trillion yen. It is the first time for SoftBank to surpass MUFG by market capitalization at the closing bell since MUFG listed on the TSE in April 2001.
(Nikkei Quick News, Oct. 3)