ASX dragged down as stocks go ex-dividend
Australia’s S&P/ASX 200 share index shaved off 0.8% today as some of our largest companies went ex-dividend, resulting in a decline in the share price.
The banks were a shining light today in an otherwise sea of red among Australia’s largest stocks. ANZ was up 3.01% while NAB was up 2.37%.
Conversely, RIO fell 6.23% as it went ex-dividend. Rival miner BHP was down 3.09%, also recently going ex-dividend.
Gainers and Losers
The biggest gainers on Thursday were:
- CPU +4.61%
- CWY +4.02%
- WHC +3.48%
- GPT +3.39%
The biggest declines were:
- IGO -7.91%
- PBH -6.27%
- RIO -6.23%
- GOR -5.65%
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This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.