The market closed 1% down today following a flat performance in the US markets.
The benchmark S&P/ASX 200 Index ended 53.5 points or 0.95% down at 5,571.5, whilst the broader All Ordinaries Index ended 49.7 points or 0.87% down at 5634.4.
On the Sydney Futures Exchange, the June share price index contract declined 65 points to 5626 on 17948 contracts.
The banks finished down, with Commonwealth Bank losing 89 cents to $43.17, ANZ is down 34 cents to $21.67, Westpac shedding 58 cents to $23.5 and National Australia Bank sliding 11 cents to $29.75.
ANZ Monday released a list of 90 companies listed on the Australian stock exchange in which it has a substantial stake as a result of the collapse of Opes.
The big miners were mixed, with BHP Billiton down 15 cents to $40.40 and Rio Tinto rising 49 cents to $137.40.
Babcock and Brown ended down 10 cents down at $13.60 after it and ANZ announced they will participate in the recapitalisation of troubled Tricom Equities.
Webjet increased its fiscal 2008 profit guidance for the second time, propelling its share price 6 cents or 4% to $1.54.
Spot gold was last traded at US$919.50 per ounce in New York. Newcrest was 89 cents down to $34.49, Lihir Gold fell 12 cents to $3.47 and Newmont Mining was 6 cents to $5.03.
