At closing bell, the benchmark S&P/ASX200 index dropped 13.35 points, or 0.22%, to 6,060.46. The broader All Ordinaries fell 14.91 points, or 0.24%, to 6,245.89.
The big banks also helped pull the index lower, with the Commonwealth Bank falling by 1.2% and ANZ losing 0.7%.
Iron ore miner Fortescue Metals lost 7.7% as it traded ex-dividend. Lithium miner Orocobre dropped 10.3% after it returned to trade following a capital raising.
Buy now, pay later firm Sezzle dropped by 9.4% after its half-year loss widened from A$4.8 million a year ago to $8.2 million.
Online furniture and homewares firm Temple and Webster rose 18% after it saw annual profit surge by nearly 270% to A$13.9 million because of COVID-19 lockdown purchases.
CURRENCY NEWS: The Australian dollar changed hmands at $0.7351 after rising from levels below $0.726 last week.
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