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Telstra Shares Defy ASX Slump as Investors Eye Dividend Stability
Telstra Shares Defy ASX Slump as Investors Eye Dividend Stability
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BTCCSquare news:
Telstra Group Ltd (TLS.AX) held steady at A$4.78 in a session where the S&P/ASX 200 dropped 0.7%, demonstrating resilience as institutional flows rotated toward defensive assets. The telco's February earnings report looms as a critical catalyst, with its 5.3% dividend yield attracting attention amid rising rate expectations.
Market technicians note parallels to crypto markets, where BTC and ETH similarly decouple from macro trends during network upgrade cycles. Shaw and Partners observed: 'Yield plays like Telstra and staking assets (ETH, SOL, DOT) benefit from duration compression.'
Notably absent were mentions of Telstra's blockchain ventures—a contrast to Asian telcos like SoftBank actively backing XRP, TRX, and other enterprise tokens.
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