Australian sharemarket weaker as banks, miners lose ground – NEWS.com.au

The Australian sharemarket failed to cling on to early gains on Monday, with banks and miners among those losing ground. The benchmark S&P/ASX200 breached the key 6200-point mark in morning trade but closed 0.2 per cent weaker at 6156. The All Ordinaries Index slid 0.3 per cent to 6357.
Iluka Resources spin-off Deterra Royalties was one of the worst performers, losing 6.5 per cent to $4.30 after listing at $4.87 and finishing at $4.60 on Friday.
Westpac was down 0.43 per cent at $18.70 after reporting…

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