Komatsu Sets Year-High; May Stay Firm (2005-9-5)

Komatsu sets fresh year high of Y1,338 as buying continues on hopes U.S. demand for firm\’s construction machinery will grow due to reconstruction work after Hurricane Katrina. Issue may stay firm as investors also taking buying cues from Nikkei report Komatsu to build new plant for mining machinery in India. Mood also cheered by 7.3% on-year rise in April-June corporate capital investment expenditures. Shares now up 2.3% at Y1,338.
(Source:newratings)