Australia’s share market was flat early and major sectors saw little movement after last week proved the best on the market since April.
The S&P/ASX200 benchmark index was lower by 3.3 points, or 0.05 per cent, to 6098.9 at 1200 AEDT on Monday.
The directionless start comes after the ASX200 gained 5.36 per cent last week, and Wall Street closed higher on Friday on hopes of economic stimulus.
The All Ordinaries index was down by 0.7 points, or 0.01 per cent, to 6311.8.
Technology had the top gains of 1.96 per cent but this was wiped away by losses in energy (1.11 per cent) and industrials (0.75 per cent).
The financial sector was higher by 0.13 per cent while materials was down 0.15 per cent.
Commonwealth Bank officials say they are encouraged more customers have resumed loan repayments amid the coronavirus pandemic, although many Victorians have asked for more time to pay.
The number of loans with deferred repayments dropped by 45,000 ($17 billion) by the end of September to 129,000 ($42 billion). The figures include home and business loans.
Yet in a sign many are still battling financially, there were 17,300 extensions given to home loan customers with deferred repayments.
Shares in the bank were higher by 0.28 per cent to $67.90. Among its main rivals, ANZ was higher by 0.59 per cent to $18.72, NAB was better by 0.16 per cent to $18.72 and Westpac gained 0.1 per cent to $18.23.
Casino operator Crown told the ASX that Victoria’s gaming regulator had issued a show cause notice over compliance issues with junket operators.
The notice came as Crown board member Andrew Demetriou told an inquiry the casino operator’s failure in culture led to dealings with dodgy junket operators.
Shares were lower by 2.33 per cent to $8.77.
In mining, Fortescue Metals said it would further extend its on-market share buyback. The decision was part of a capital management program.
Fortescue shares were lower by 0.26 per cent to $16.90. BHP was down 0.68 per cent to $36.33, while Rio Tinto shed 0.65 per cent to $96.86.
Gold miner Evolution said its production and financials were ahead of its plan for the financial year. Its shares were up by 3.22 per cent to $6.09.
In information technology, Bravura Solutions has acquired UK software provider Delta Financial Systems for $41.5 million.
Shares in Bravura were up by 6.06 per cent to $3.58.
The Aussie dollar was buying 72.19 US cents at 1200 AEDT, higher from 71.82 US cents at the close of trade on Friday.