Australia Market drifts into the red

Australian share market declined for the first time in four straight sessions on Monday, 21 March 2016, as investors elected to book recent gains, after Prime Minister Malcolm Turnbull recalled parliament and brought the Budget forward, setting the scene for an early election. Most of ASX sectors ended down, with shares of mining and energy companies being major loser, hurt by weaker metals and oil prices. At the close, the benchmark S&P/ASX200 index declined 16.50 points, or 0.32%, at 5166.60, while the broader All Ordinaries index de-grew 14.40 points, or 0.27%, to 5224.90.

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