The rise was obviously too much, too fast. Some weak earnings which came out yesterday gave a good excuse for investors to sell.
Declines are being led by the loss of dividend rights. That's caused the drop.
Buying momentum for domestic-demand related stocks still exists on a recovery in consumer spending and capital investment.
Investors are prioritizing investment into the financial sector now. Fundamentals look good and I expect banks to post further profit gains.
The decline in oil prices is a desirable scenario for exporter stocks.
Declines are being led by the loss of dividend rights. That's caused the drop, including power companies, although the expiry of dividends is a less pronounced factor for companies with stronger fundamentals.
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