Investors are prioritizing investment into the financial sector now. Fundamentals look good and I expect banks to post further profit gains.
Buying momentum for domestic-demand related stocks still exists on a recovery in consumer spending and capital investment.
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, including power companies, although the expiry of dividends is a less pronounced factor for companies with stronger fundamentals.
Declines are being led by the loss of dividend rights. That's caused the drop.
The company had fantastic numbers, in accordance with my expectations. It is still doing well because of its high-grade products.