Livedoor Co. shares rose 10 yen Tuesday in its first day on the liquidation post after being moved in response to alleged securities law violations. The Tokyo Stock Exchange will delist the company on April 14.
On the Mothers market for startups, Livedoor closed at 76 yen, while Livedoor Marketing Co., also shunted to the liquidation post, dropped by its limit to close at 334 yen, down 80 yen.
"The market appears to have already factored in Livedoor's transfer to the liquidation post," said an analyst with a major brokerage firm.
"The stock attracted buying on speculation that investment funds might purchase the shares on a dip."
Livedoor stock began edging up after opening 4 yen higher at 70 yen at 2 p.m. Investors are allowed to trade Livedoor stock only between 2 and 3 p.m. to prevent undue volatility from disrupting the entire market.
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