Australian shares dip as traders await next catalyst
By Adrian Black
The Australian exchange has started the week lower as investors look for the next market-mover. -AAP Image
Australia's share market has started the week lower as trading volumes plunged and investors awaited the next market-moving catalyst.
Hold tight - we’re checking permissions before loading more content
The S&P/ASX200 fell 13.4 points on Monday, down 0.15 per cent, to 8,831, as the broader All Ordinaries lost 11.3 points, or 0.12 per cent, to 9,037.
With the financial year-end behind investors and a quiet week ahead for local and global macroeconomic data, trading volumes fell to below half their daily average in an unconvincing session.
Banks, miners and major supermarkets dragged, while energy, healthcare, consumer discretionaries and technology stocks made decent gains.
The Australian dollar is buying 69.31 US cents, down from 69.48 US cents on Friday at 5pm AEST.
5°C