Nintendo falls after not making Nikkei 225

|About: Nintendo Co., Ltd. ADR (NTDOY)|By:, SA News Editor

Nintendo (NTDOY.PK -5%) shares fell after the company was passed over for inclusion into the Nikkei 225. Nintendo would have been the fourth-largest component of the index.

BNP Paribas' Takao Suzuki: "We believe Nintendo’s shares have been overvalued due to speculative demand, on the assumption that they would be included in the Nikkei ... As this expectation has come to nothing, this appears to be the right time to sell."

Mizuho and Nomura analysts both warned that this may be the way the cards unfold for Nintendo back in July.