Declines are being led by the loss of dividend rights. That's caused the drop.

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.

Investors are prioritizing investment into the financial sector now. Fundamentals look good and I expect banks to post further profit gains.

The rise was obviously too much, too fast. Some weak earnings which came out yesterday gave a good excuse for investors to sell.

Buying momentum for domestic-demand related stocks still exists on a recovery in consumer spending and capital investment.

The decline in oil prices is a desirable scenario for exporter stocks.