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.