It was a tough day for the Aussie market, on the back of mixed leads from international markets on Friday night, with all but one sector finishing in the red.
Utilities were the weakest links, followed by materials and industrial stocks.
Only the consumer discretionary sector managed to finish in the green.
The big four banks were split, with NAB (+0.1%) and ANZ (+0.3%) positing modest gains whilst WBC (-0.5%) and CBA (-0.3%) finished slightly in the red.
For the day the XJO closed 20 points (-0.5%) weaker, at 4028.