The insurance stocks feel like they’re gaining some strength as the banks slowly come off the boil, although a few days hardly makes a summer! Seasonally we know the banks struggle around this time, with 3 of the big 4 trading ex-dividend next month some overseas players are likely to sell out as they cannot benefit from the franking credits, conversely SUN doesn’t trade ex-div until August making it an ideal switch candidate for some of these players who want to maintain correlated exposure.
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