Like cheap cologne this was a trading day full of false promise, where even the ex-dividend stocks were performing well in the first hour or so.

Like cheap cologne this was a trading day full of false promise, where even the ex-dividend stocks were performing well in the first hour or so. Then came the hits - like Westpac running the ruler over its New Zealand operations, and Resolute Mining losing the lease to its Bibiani gold mine. Westpac lost a half-a-percentage point, Resolute lost 27 of them. The BNPL space also had a negative session, despite a more supportive backdrop of lower bond yields. The local ASX index closed down -1.3% as exchange competitor Chi-X was snapped up by Cboe Global Markets as part of its bid for global dominance. Overall, the market closed non-the-wiser and all-but unchanged.


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More from The COB from ausbiz

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