SYDNEY, AAP – Australia’s share market has closed lower after some of its biggest companies traded ex-dividend.
The S&P/ASX200 benchmark index closed lower by 57.3 points, or 0.84 per cent, to 6760.7 on Thursday.
The All Ordinaries closed lower by 67.3 points, or 0.95 per cent, at 7000.6.
Most sectors were lower.
CSL was one major company trading ex-dividend, and the health sector fell 3.54 per cent.
Mining giants BHP and Rio Tinto were also ex-dividend, and the heavyweight materials sector slumped by 2.61 per cent.
Earlier, US markets were lower as investors continued to sell the big technology companies and moved to sectors more likely to benefit from coronavirus vaccines and looming fiscal stimulus.
The dollar was buying 77.99 US cents at 1618 AEDT, lower from 78.22 US cents at Wednesday’s close.