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ASX down 0.8%; ex-dividend stocks drag, banks lower – The Sydney Morning Herald
The benchmark S&P/ASX 200 dropped as much as 1% this morning, but rebounded to close 0.1% higher, up 5.6 points to 7528.5.
The flow of dividends from company balance sheets to shareholder bank accounts pulled the ASX down sharply on Monday morning.
The benchmark S&P/ASX200 fell as much as 1 per cent in the first hour, but recovered to close 5.6 points higher, or 0.1 per cent,…
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