Excerpt from: Individual Equities CFDs and Spread Bets
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| March 08, 2007 | | Spread betting and contracts for differences should favour utilities and steelmakers | Spread bets and CFDs on Japanese individual equities should consider favouring utilities and steelmakers as they are expected to get the lions share of dividends as Japanese stocks rise and the yen falls. Bloomberg reports on Japanese individual equities on the stock market:
Utility companies including Tokyo Electric Power Co. and
steelmakers such as Nippon Steel Corp. also rose as investors
bet on shares that may offer higher dividends.
``The Japanese currency's sudden rebound eased investors'
overly pessimistic view about the strengthened yen and its
impact on exporter stocks,'' said Naoki Fujiwara, who oversees
$720 million in funds at Shinkin Asset Management Co. in Tokyo.
``There are increasing expectations over higher dividend
payments by companies such as steelmakers and I think this trend
will continue at least until mid-March.'' | | |
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