Japan Exchange Group (JPX) to Expand Daily Price Limits for 4 Issues.
Four stocks have recently triggered a situation in which their daily price limits need to be broadened on the Tokyo Stock Exchange (TSE). The TSE has announced that it will only expand the upper or lower daily price limit for these stocks on the next business day, February 18. This adjustment is necessary due to either the upper or lower daily price limit being reached while the trading volume remained at zero, or if trades were executed at the daily price limit at the close of the afternoon session with bids or offers still at the limit.
The first stock affected is kaonavi, inc. with the code 4435. The upper daily price limit for this stock will be expanded to 2,000 yen, while the lower limit will remain at 500 yen. The base price is 2,880 yen, with the new upper daily limit set at 4,880 yen and the lower daily limit at 2,380 yen.
Next is note inc. with the code 5243. The lower daily price limit will be raised to 1,600 yen, while the upper limit remains at 400 yen. The base price for this stock is 1,509 yen, with the upper daily limit adjusted to 1,909 yen and the lower limit set at 1 yen.
Another stock impacted is SHINTO COMPANY LIMITED, coded as 5380. The lower daily price limit for this stock is also being broadened to 1,600 yen, with the upper limit remaining at 400 yen. The base price for SHINTO COMPANY LIMITED is 1,890 yen, with the new upper daily limit at 2,290 yen and the lower limit at 290 yen.
Lastly, Rentracks CO.,LTD., coded as 6045, will see its upper daily price limit expanded to 1,200 yen, while the lower limit stays at 300 yen. The base price for this stock is 1,090 yen, with the upper daily limit set at 2,290 yen and the lower limit at 790 yen.
It is important to note that if a trade occurs at a price other than the upper or lower daily price limit on or after February 18, the TSE will return the daily price limits to normal. Additionally, investors should be aware that a market order may be executed at a price they may not anticipate due to the adjusted daily price limits.
For any inquiries or further information, individuals can contact the Tokyo Stock Exchange, Inc. Equities Department at Tel: +81-3-3666-0141.