Japan Airlines: added back to Nikkei 225, Stock Average
Japan Airlines will be added back to the Nikkei 225 Stock Average for the first time since it was relisted in 2012. Tokyo Disney operator Oriental Land Co. will also join the blue-chip gauge, along with semiconductor maker Renesas Electronics Corp., Nikkei announced in its periodic review. “The inclusion of Renesas is a bit of a surprise, but overall, it is mostly as expected,” said Ryuta Otsuka, a strategist at Toyo Securities Co. “Regarding the stocks that will be included, individual investors may buy them Monday morning in an attempt to catch up with the market, but it is likely to be temporary.” Japan Airlines relisted in Tokyo in 2012 following a restructuring under bankruptcy protection. Its shares are down 4.7% so far this year compared with a gain of 6.8% in the Topix.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2023-03-06/oneworld/japan-airlines-added-back-to-nikkei-225-stock-average
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Japan Airlines: added back to Nikkei 225, Stock Average
Japan Airlines will be added back to the Nikkei 225 Stock Average for the first time since it was relisted in 2012. Tokyo Disney operator Oriental Land Co. will also join the blue-chip gauge, along with semiconductor maker Renesas Electronics Corp., Nikkei announced in its periodic review. “The inclusion of Renesas is a bit of a surprise, but overall, it is mostly as expected,” said Ryuta Otsuka, a strategist at Toyo Securities Co. “Regarding the stocks that will be included, individual investors may buy them Monday morning in an attempt to catch up with the market, but it is likely to be temporary.” Japan Airlines relisted in Tokyo in 2012 following a restructuring under bankruptcy protection. Its shares are down 4.7% so far this year compared with a gain of 6.8% in the Topix.<br/>
