Nintendo market capitalisation has soared to 4.5 trillion yen ($42.5 billion) in just seven sessions since the mobile game Pokemon Go was launched in the United States.
The game has been released in 35 countries, triggering massive buying in Nintendo shares. Interestingly the game is not yet available in Japan, though reports state that game could land in Nintendo’s home territory tomorrow 20th of July 2016.
The stock was so enticing that on Friday last week, it broke the single-day trading record in Tokyo this century, with $4.5 billion of stock changing hands.
Nintendo shares ended Tuesday up 14.4 percent at 31,770 yen, bringing its gains to more than 100 percent since the launch of the game on July 6.
Turnover in Nintendo shares hit 703.6 billion yen, surpassing the record for trading turnover in individual shares it set on Friday, of 476 billion yen.
Trading in Nintendo shares roughly accounted for a quarter of the entire trading on the Tokyo Stock Exchange’s main board.
It is expected that the market capitalisation will continue in its upward trend as it is released in Asian countries like Japan, China, South Korea and even India.
Hope the company’s servers would be able to cope with the releases in these countries as there has been reports that the servers went down when the game was released in some countries.
Nothing has been said about its release in Africa.
