Australian consumer staple retailers trading ex-dividend weighs on benchmark

Endeavour

03/09/2024 04:09

** Australian consumer staples index  .AXSJ  down as much as
2% to 12,636.80 points, marking its biggest intraday pct drop
since Aug. 5, as major constituents trade ex-dividend
    ** Non-discretionary retailers among top losers in the
benchmark ASX200  .AXJO , which is down 0.1% as at 0248 GMT
    ** Shares of Australia's top grocer Woolworths  WOW.AX  fall
as much as 3.9% to A$34.440, marking their worst day since May 2
    ** Coles  COL.AX , the second-biggest supermarket chain,
down up to 2.4% to the worst day since May 2
    ** Endeavour Group  EDV.AX , alcohol retailer and hotel
operator, down 2.3%
    ** WOW and COL among top 10 losers in the benchmark index
 .AXJO 
    ** Wesfarmers  WES.AX , the country's top non-food retailer
and a part of the discretionary retail index  .AXDJ , falls 2.5%
to its lowest level since Aug. 8
    ** Ex-dividend date is a cut-off by which investors need to
be on the register of a company to receive the upcoming dividend
payment

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))