At closing bell, the benchmark S&P/ASX200 edged down 0.09 point, or 0.00%, to 7,394.27. The broader All Ordinaries decreased marginal 0.37 point, or 0.00%, to 7,670.51.
Total 10 of 11 S&P/ASX200 sectors were lower, with energy (down 1.39%) was worst performer. Fllowed by realty (down 1%), information technology (down 0.6%), and utilities (down 0.56%) sectors, while material (up 1%) sector was top gainer.
Shares of energy companies declined on tracking drop in crude oil prices of nearly $1 barrel in Asian trade on concerns about fuel demand from the spread of COVID-19 variants as well as floods in China. Oil Search, Origin Energy, Santos and Woodside Petroleum gave up 1-2%.
Shares of commercial property giant GPT Group lost 2.7% after withdrawing its 2021 guidance.
Lynas shares soared 10.6% after the rare earth producer reported record revenue in its fourth quarter.
CURRENCY NEWS: The Australian dollar changed hands at $0.7335, above levels below $0.732 seen last week.
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