Day traders' after-market lounge May 13

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    Thanks afternoon crew.

    End-of-day summary:

    Banks trading ex-dividend and a two-month low in oil weighed as the ASX 200 started a new week little changed.


    The Australian share benchmark was underwater all of regular trade before turning positive in the closing auction, finishing a point or 0.01% ahead at 7750.

    Woodside and Santos both dropped more than 0.8% as a sell-off in Brent crude continued. The international oil benchmark was this afternoon down another 0.36% following its softest close since mid-March.

    ANZ and Macquarie Group dragged as they traded without the right to the next dividend. Gains in CBA, Woolworths, Wesfarmers and BHP helped keep the index in positive territory.

    A strong rebound on Wall Street this month lost some momentum towards the end of last week as traders steeled for April inflation data this week. While the Dow ground out an eighth straight advance on Friday, the Nasdaq finished lower and the S&P 500 briefly turned negative before edging up 0.16%.




 
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