Nintendo stock rises 8% as new Miitomo app users top a million

Tokyo

NINTENDO Co has risen the most in more than a month after users of Miitomo, the company's first foray into smartphone apps, surpassed one million. The shares jumped as much as 7.8 per cent to 16,450 yen as at 10:58 am in Tokyo on Tuesday, the biggest increase since Feb 15. They closed at 16,515 yen, up 8.2 per cent.

The messaging-based application climbed to No 1 in Japan's free-app ranking on Apple Inc's iOS devices after its release on March 17, according to market researcher App Annie.