Japan's Locondo indicated to jump after co says to buy e-commerce co

Jade

27/03/2018 06:21

** E-commerce business operator Locondo Inc  3558.T 
untraded with a glut of buy orders, indicated to jump to daily
limit high of 1,130 yen
    ** Co plans to acquire 100 percent voting power in online
gift site operator Shaddy Co Ltd for 2 bln yen ($18.93 mln)
 urn:newsml:reuters.com:*:nL3N1R82NZ
    ** As of previous close, stock had fallen 36.77 pct so far
this year 
    ** Locondo has underperformed Tokyo SE TOPIX Retail Trade
Stock Price Index sector  .IRETL.T  by 19.8 percentage points in
the past one month
    ** The main stock index Nikkei 225  .N225  has fallen 5.9
pct in the past month 
 
($1 = 105.6300 yen)

 ((Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net))