Heavyweight CBA is feeling a little tired on the relative front however it did pay a $1.50 fully franked dividend in February. We can see further sector underperformance following the WBC result plus as the economy continues to strengthen and bad debt worries dissipate the banks which are perceived as greater risk should attract more funds. At this stage we would be looking for a dip back under $85 before considering increasing our exposure further.
MM remains bullish CBA
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