(12PressRelease.com) Shares of Resona Holdings (8308.T) rose nearly 14 percent Thursday on speculation the Japanese bank would soon launch a share sale planned U.S. $ 7.2 billion, a move that would raise traders a cloud of uncertaintyimposed on the population.
Resona market value of the shares has been excluded from the recent rally in the Japanese banking sector, after notification in November that has registered to sell up to 600 billion yen of shares to repay the government rescue funds.
Investors rushed to cover short positions Resona is speculation that the notice of sale proceeding, which would provide clarification of the size of the market and offers a dilution of shareholder value, which could be done in the coming days.
“Establish the wording of the offer must be positive because it removes the uncertainty about the number of new shares, diluting,†said Alastair Macdonald, an analyst at Macquarie Capital Securities in Tokyo.
Resona share closed up 13.8 percent to 545 yen, its biggest daily jump in more than 2 years and increased market value of about $ 8 billion. Volume expanded to 82 million shares, five times its daily average over the last 30 days and what is the second question, the most traded on the Nikkei average. N225.