That's all for us today. Thanks for reading and thanks for your comments.
Below is William's market wrap. I will be back editing tomorrow. CSL is going ex-dividend tomorrow by 127.8 cents, and NAB's business conditions indicator will be out in the morning.
Australian shares have fallen for an eighth straight session, equalling the worst losing streak since the Global Financial Crisis on a mixed day of trading for the local sharemarket.
The S&P/ASX 200 index closed 2.1 points, or 0.03 per cent, lower at 6141.7 after pushing into the green during the middle of the session.
NAB made an unexpected move on Monday, announcing its standard variable interest rates would remain on hold even after the three other major banks and some smaller banks lifted their own rates. While the move may be good for customers, it could hurt shareholders, with NAB not immune to the same funding pressures that cause the other major banks to lift their rates.
NAB shares closed 0.8 per cent lower at $27.66 while Commonwealth Bank shares advanced 0.4 per cent to $70.76. Westpac and ANZ both closed lower. Westpac fell 0.4 per cent to $27.69 and ANZ closed at $28.23, down 0.6 per cent.
Commodities were mixed in London on Friday and that was reflected by the major miners on Monday. BHP Billiton closed 0.4 per cent lower at $31.19 while Rio Tinto fell 0.9 per cent to $70.87. South32 performed better, lifting 2 per cent to $3.56.
Index heavyweight CSL was able to recover from recent softening in its share price on Monday, leading the market during the session. Its shares closed 0.7 per cent higher at $212.15, leading a broad recovery of the health sector. Mayne Pharma shares rose 3.5 per cent to $1.18 and Primary Health Care closed 1.8 per cent higher at $2.86.
The information technology sector also recovered from its slump during the previous week, with many technology stocks among the index's best performers on Monday. Afterpay Touch ended a five-session losing streak, advancing 7.5 per cent to $16.12, only the second time it has closed higher in the past 10 sessions. Appen and Altium both recovered from four sessions without gain. Appen rose 2.9 per cent to $14.14 while Altium closed the session at $25.73, up 1.8 per cent. Wisetech Global shares closed 3 per cent higher at $20.93 and Xero advanced 3.4 per cent to $47.82.