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TAIHEIYO CEMENT extends gains for fourth consecutive day on T. Rowe Price stake increase speculation
TAIHEIYO CEMENT CORPORATION <5233> extended its gains for a fourth consecutive day. An amended report filed with the Kanto Local Finance Bureau after trading closed on the 7th revealed that the combined shareholding by T. Rowe Price Japan, the Japanese unit of U.S. investment management firm T. Rowe Price, and its joint holders increased to 6.62% from 6.60%. The stock appears to be attracting speculative buying on supply-demand expectations following this disclosure. The purpose of holding is stated as pure investment, with the reporting obligation triggered on the 31st.
Source: MINKABU PRESS
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