ASX 200 ends flat, ex-dividend trade including Fortescue Metals

ASX 200 closed flat after an initial 1 per cent fall; investors dumped mining stocks. Wall Street closed on Monday.

Looking ahead this week, the Reserve Bank holds its monthly board meeting on Tuesday, while consumer sentiment will also be closely watched. Picture: Gaye Gerard

Welcome to the Trading Day blog for Monday, September 6. The ASX 200 closed flat after falling 1 per cent at the start of the day as several big stocks traded ex-dividend, including Fortescue Metals. The market rebounded amid China stimulus talk.

Macquarie has upgraded Dexus to Outperform and raised its target price 5% to $11.67.

Oil Search and Santos have agreed to extend the exclusive due diligence period for a further one week to 13 September.

Washington H. Soul Pattinson (WHSP) has flagged a boosted profit for the 2021 financial year powered by its investments in miners New Hope and Round Oak and construction materials player Brickworks.

Monday is a US public holiday for Labor Day.

The Reserve Bank of Australia board meets on Tuesday.