Tsumura & Co. 4540

Tsumura (TSE:4540) was removed from the FTSE All-World Index, an index widely tracked by institutional funds. That change can prompt mechanical buying and selling as index-tracking portfolios rebalance their holdings. Recent trading has been relatively calm for Tsumura, with the share price slipping 0.4% on the day to ¥3,862. A 30-day share price return of 2.1% and a 90-day gain of 3.9% suggest modest positive momentum after a weaker year to date. At the same time, total shareholder return of...