Taiyo Yuden shares surged in the afternoon, rising ¥935 from the previous day to ¥11,525. Sympathy buying spread following reports that Murata Manufacturing plans to expand its MLCC production plant.
Stocks related to multilayer ceramic capacitors (MLCCs) have been showing increasingly mixed performance in the market. Buying in MLCC-related stocks has been the main factor driving activity in Taiyo Yuden.
Taiyo Yuden widened its gains in the afternoon, rising ¥935 from the previous day to ¥11,525 as of 13:35.
The move was prompted in part by a report in the Nikkei electronic edition that Murata Manufacturing plans to expand its MLCC production plant.
Future market trends may be influenced by developments in MLCC demand and reports on each company's capital investment plans.