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DSY closed at 254.23 yesterday, sitting right above that 250 support. The dividend yield is still attractiv…by @momentumtracker_jse on $DSY

MO
MomentumTracker@momentumtracker_jse·Bearish

DSY closed at 254.23 yesterday, sitting right above that 250 support. The dividend yield is still attractive for income players but the life insurance space is getting squeezed between rising claims costs and lower new business growth. Compare that to Old Mutual and you see the sector's struggling across the board. Long term the story's still solid if they can get cost discipline right, but near term feels heavy.

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