SYDNEY, AAP – Investors have had a second consecutive session of losses as the Australian market indices pull back from milestone levels.
The benchmark S&P/ASX200 index closed down 21.2 points, or 0.3 per cent, to 6974 on Monday.
The All Ordinaries closed lower by 27.1 points, or 0.37 per cent, to 7225.2 points.
Most sectors were lower, and the heavyweight materials sector fell 1.23 per cent. BHP and Fortescue lost more than one per cent.
The ASX200 on Thursday closed at its highest level since the coronavirus crash, 6998.8, yet the momentum has not continued.
The Australian dollar was buying 76.12 US cents at 1619 AEST, higher from 76.07 US cents at Friday’s close.