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Australia’s share market has finished marginally lower as banks and miners had losses of less than one per cent.

The S&P/ASX200 benchmark index closed lower by 12.6 points, or 0.21 per cent, to 5952.3 points on Monday.

The index was mostly lower for the first two hours of trade and reached a session low of 5941 points. It later rose to a high of 5977.3 and traded higher for most of the last four hours, albeit easing.

The All Ordinaries index finished down by 5.6 points, or 0.09 per cent, to 6134.9.

The Australian dollar was buying 70.53 US cents at 1621 AEST, lower from 70.60 US cents after the close of trade on Friday.