There was weakness across the board, although health stocks bore the brunt of the selling due to Resmed’s poor 1Q result.
In retail, Pacific Brands sank 5.6% after warning of a tough start to FY12. It was better news for Billabong, however, which soared 8.6% amid positive earnings guidance.
All four big banks ended lower with NAB the worst performing, down 1.1%. Westpac gave up 0.7% for the day.
The big miners were among the handful of winners following the overnight rally in commodities. BHP rose 0.9% and Rio Tinto added 1.5%.
The ASX 200 shed 27 points (-0.6%), closing at 4228.