Japan's Askul hits 1-1/2-month low as Nomura cuts rating to 'neutral'
20/03/2018 05:46
** Office products manufacturer Askul Corp 2678.T drops as
much as 5.9 pct to 3,460 yen, its lowest since Feb 9
** Nomura Securities cuts stock rating to "neutral" from
"buy", saying its business to consumer (B2C) business' sales
growth has slowed down
** As of previous close, stock up 15.02 pct so far this year
** Askul Corp has underperformed the Tokyo SE TOPIX Retail
Trade Stock Price Index sector .IRETL.T by 5.2 percentage
points in the past one month
** As of 0539 GMT, about 608,100 shares of the Tokyo-based
company change hands, about 203.4 pct of their 30-day moving
average of 298,900 shares a day
(Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net)