At the half way mark of the day the local market is still on the back foot continuing from the morning’s drag and is trading lower at 5,965 down -0.85%. The banks are all lower with ANZ leading the declines down -1.15%, NAB -0.28%, WBC -0.39% and CBA -0.43%.
A number of stocks go ex-dividend today including Woolworths (WOW) $0.43 dividend down -0.61%, Rio Tinto (RIO) $2.28 dividend down -0.05%, Fortescue (FMG) $0.11 dividend higher by +0.61% and Bendigo & Adelaide Bank (BEN) $0.35 dividend lower by -1.18%.
Energy stocks are still continuing from their morning woes as ORE -7.8% and OSH -4.57%, the sector is down -2.19%. Other notable decliners include GMA -6.15% and HT1 -5.35%. According to a report form ComSec dwelling prices fell in six of the eight capital cities in Feb. Hobart rose the most +0.7% with a 13.15% increase for the month whilst Darwin fell the most by -0.9% down -7.4% for the month. Reacting to the news the real estate sector is pushing higher +0.22% as seen through gains in LLC +1.26%, INM +0.985 and GMG +0.85%.
GMA chart attached