Reported 12 months ago
As July begins, the ex-dividend season started in the Taiwanese stock market, with financial stocks leading the way. Stocks like Cathay Financial Holding (2882) and Yuanta Financial Holding (2883) reported positive outcomes on the first day of ex-dividend, propelling them towards their dividend payment paths. This movement attracted diverse funds into the market. While certain stocks saw a rise before the ex-dividend date, most remained in a discount situation, with only around 40% filling the dividend gap. Advice was given to sell such stocks before the ex-dividend date and wait for the post-dividend period to invest. Recent uptrends in financial stocks were influenced by both the ex-dividend factor and positive performances in debates around the US Presidential election, where Trump's policies, including support for Wall Street deregulation, gained attention. Buffet's increased interest in financial stocks added to the trend of shifting funds from technology stocks to non-tech sectors like finance. Analysts expressed optimism for an economic recovery not being hindered by the pandemic, with potential for improving conditions in the latter half of the year.
Source: YAHOO