Wednesday, March 09, 2005

Vodafone's poor performance reflected on Nikkei

According to The Financial Times, Vodafone's Japanese unit worried the stock market and was one of the reasons Nikkei's eight-day winning streak ground to a halt.

Vodafone KK, the domestic listing of the world's largest mobile phone network operator, lost 2.2% to JPY273,000 after February industry data showed a second successive large monthly decline in customer subscription levels, according to the newspaper.

By contrast, NTT DoCoMo and KDDI both showed gains. NTT shares added 0.5% to JPY185,000 and KDDI was 0.7% stronger at JPY542,000.

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