Nintendo's shares suddenly jumped 10% as shareholders respond to a rumour that Nintendo may be included on the Nikkei 225 index.

For some time now we've read nothing but bad news about Nintendo and its shares. Following the announcement of the Wii U they dropped and last month Nintendo announced its predictions for this financial year were to be by 82%, which in turn resulted in their shares falling again. However, we finally have some good news as Nintendo's shares rose by 9.8% overnight in Japan and it seems its all down to a rumour.

Asif Khan, Panoptic Management Consultants CEO, spoke to Industry Gamers about the sudden boost in shares and contributes it to a rumour that Nintendo will join the Nikkei 225 index. At present they trade on the Osaka Exchange but trading on the Nikkei 255 is a sign that the company is not in trouble according to Mr. Khan:

"This is great news for Nintendo shareholders as most companies on the verge of self-destruction are rarely added to benchmark indices. When stocks are added or dropped from market indices it forces ETFs, and mutual funds to buy or sell shares. In the case of Nintendo, any fund that attempts to mimic the Nikkei 225 will have to buy up shares."

According to Asif Khan Nintendo may be able to once again trade with $50-65 a share over the next three years as "savvy buyers" could try and get in early based on this rumour because if it turns out to be true all shareholders will be financially rewarded. However, he does add "we must wait to see if this rumo[u]r is true before we break out the Jigglypuff champagne glasses."

We'll keep you updated about this particular rumour but hopefully things are finally on the up for Nintendo.