Market Close 2 Apr 20: ASX 200 weighed by lenders as investor fret about dividends

The financials sector was the major drag as the banks fell sharply. This follows concerns that our central bank, the RBA, may look to follow the Bank of England and Reserve Bank of New Zealand in freezing bank dividend payments temporarily to protect earnings in light of the coronavirus crisis. The big four banks fell as much as 5.6% with National Bank (NAB) underperforming its peers.

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