The Australian market fell slightly today, after overseas shares provided a weak lead in overnight trading. The sectors closed mostly weaker with IT and materials the biggest drags on the market. Telco and utility stocks held up better than most.
The banking majors all gained ground, with Westpac the best performer of the group, adding 0.3%.
Weakness in overnight commodity prices saw the big miners finish in the red. BHP and Rio Tinto both fell 0.7%, whilst Fortescue dropped 2.3%. The ASX 200 shed seven points (-0.2%) to settle at 4484.