Magellan’s Deal Rally Meets an Excelsior Dividend Crash in a Wild Week for Finance Stocks

• Excelsior Capital (ASX:ECL) fell 🔴 -70.27% after the stock reopened sharply lower, even as it confirmed a fully franked special dividend.
• Magellan Financial Group (ASX:MFG) jumped 🟢 36.52% as investors priced in its $1.6b Barrenjoey tie-up and a $130m placement to fund it.
• Findi Limited (ASX:FND) climbed 🟢 30.62% after raising $25m to cut debt and accelerate its India ATM rollout.
• Several income-focused names kept cash coming (CBA, IAG, Sandon, MFF), but price moves showed investors still care about timing and certainty.