The S&P/ASX200 closed lower Thursday, dropping 38 points or 0.5% to 7,465, crossing below its 20-day moving average and the first run of four consecutive losses for this index since last year.

The S&P/ASX200 closed lower Thursday, dropping 38 points or 0.5% to 7,465, crossing below its 20-day moving average and the first run of four consecutive losses for this index since last year. The bottom performing stocks were Codan (CDA) and - again - Sims Ltd (SGM), down 8% and 7.3%, while a resurgent Redbubble (RBL) topped the charts with an 18.9% leap on solid full year results. Materials. Whacked as iron futures slumped. Fortescue (FMG), Rio Tinto (RIO) and BHP all down between 5.7% and 6.3%. But wait till early next month when BHP goes ex-dividend - the FY21 record payout represents about 10% of the miner's current share value. So... September 2nd. Some math may be required.Our top three VODs: Humm the only profiteer in the shift away from revolving creditWho'd want to own an airport?The hidden underbelly in the July unemployment rate I the big picture Hosted on Acast. See acast.com/privacy for more information.