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.
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.
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