Raise your hand if you need a drink after looking at the charts today.
This is certainly not our idea of painting the town red!
Despite a slight recovery late on Wednesday’s session, the ASX200 finished down 0.84 per cent at 6760 in a day where ex-dividend stocks dominated the local bourse.
Healthcare and materials finished as the two biggest drags on the local bourse today, as CSL, BHP and Rio Tinto all went ex-div, falling between 4 and 7 per cent respectively.
Woolworths was also ex-dividend today, dropping 2.64 per cent.
The local financial sector provided a counterbalance to today’s fall, with the big four banks posting gains along with insurance company QBE, which rose 2.8 per cent as investor welcomed the announcement of a new CEO.
Computershare was the day’s biggest gainer, up 4.6 per cent to $14.29. A total of 61 companies ended the day up with 129 down and 10 unchanged.