Wednesday, October 31, 2012

Reuters: Global Markets: Panasonic untraded with glut of sell orders after net loss forecast

Reuters: Global Markets
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Panasonic untraded with glut of sell orders after net loss forecast
Nov 1st 2012, 00:16

TOKYO | Wed Oct 31, 2012 8:16pm EDT

TOKYO (Reuters) - Shares of Panasonic Corp (6752.T) were untraded with a glut of sell orders on Thursday after the consumer electronics maker forecast a 765 billion yen ($9.6 billion) net loss for the business year, nearly matching last year's record net loss.

Panasonic was notionally quoted at 478 yen, down 7 percent from Wednesday's close of 514 yen.

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