| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
advertisement | ||
Friday May 25, 8:59 AMJapan Hot Stocks-Property stocks, Fujitsu, Sony, Canon, ToyotaTOKYO, May 25 (Reuters) - The following stocks are on the move on Friday: **PROPERTY STOCKS DIP TO BECOME WORST-PERFORMING SECTOR**Property subindex falls 2.71 percent to become the worst-performing sector as investors cash in on real estate stocks that have had a strong run this year. The subindex has risen 17 percent so far this year, the third-best performing sector after the shipping subindex and the oil and coal subindex . Mitsubishi Estate Co. Ltd. falls 3.5 percent to 3,620 yen and Mitsui Fudosan Co. Ltd. sheds 2.7 percent to 3,670 yen. 0050 GMT **FUJITSU UP ON PLANS TO ABSORB 3 UNITS** Shares of Fujitsu Ltd. are up 3.8 percent at 828 yen after the company said it would buy back up to 28 billion yen of its own shares and use them in a swap to fully consolidate three units -- Fujitsu Access Ltd. , Fujitsu Devices Ltd. and unlisted Fujitsu Wireless Systems Ltd. [ID:nT21580] "We think this will positively impact its strategy by creating synergies such as expanding its product portfolio in the telecom device segment and integrating manufacturing and sales in the semiconductor segment," Deutsche Securities said in a note. 0022 GMT **SONY , EXPORTERS DOWN AS YEN FIRMS AFTER CPI** Shares of Sony Corp. and other exporters are down after the yen firmed against the dollar and euro following data showing Japan's core consumer prices fell at a slower pace in April, keeping the Bank of Japan on track to lift interest rates in the coming months. Consumer electronics maker Sony is down 1.3 percent at 6,860 yen, camera and copier maker Canon Inc. is down 1.5 percent at 7,010 yen and car manufacturer Toyota Motor Corp. is down 1.1 percent at 7,310 yen. 0013 GMT (For IPO news, data and diary, click) |
|||
|
Copyright © 2005 Reuters Limited. All rights reserved. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of Reuters Limited
|