SYDNEY, AAP – Woolworths and Afterpay were among high profile losers on the Australian share market, which did better than most Asian markets.

Woolworths lost more than seven per cent after the retail giant revealed first-half earnings would be lower due to coronavirus costs.

Afterpay dropped a little more than four per cent after investors voted for US payment provider Block’s $39 billion takeover.

Modest gains for most banks and miners were offset by heavy falls for consumer stocks.

The benchmark S&P/ASX200 index closed lower by 0.9 points, or 0.01 per cent, to 7378.4 points.

The All Ordinaries closed higher by 0.8 points, or 0.01 per cent, to 7698.3 points.

The dollar was buying 71.00 US cents at 1625 AEDT, lower from 71.71 US cents at Monday’s close.