TOKYO -- Investors are growing more selective when it comes to stocks in the popular video game industry, and smartphone game makers are coming out on top over more established giants.
Colopl's price rebounded sharply Wednesday to touch its highest point since the start of 2013 when adjusting for share splits, an 18% jump on the day. Trading of the smartphone game creator topped the market in value at 123.1 billion yen ($1.16 billion). A streak of positive news, including more than 18 million downloads of the company's biggest hit, has fueled its popularity.
