The benchmark S&P/ASX 200 is lower with the Commonwealth Bank down 20 cents at $70.56 and investment bank Macquarie Group slipping 31 cents to $62.03.
Westpac has fallen 23 cents to $28.29, ANZ has slipped seven cents to $22.21 and National Australia Bank is down 21 cents at $24.92.
CSL is $1.19 lower at $100.01 and Wesfarmers has lost 53 cents to $39.80.
Bucking the trend are resource and energy companies, with Rio Tinto up 46 cents at $43.72.
A sharp rally in crude oil has helped lift Woodside Petroleum and BHP Billiton. They’re up 21 cents at $25.15 and 14 cents at $16.32, respectively.
* At 1210 AEST, the benchmark S&P/ASX200 index was down 19.7 points, or 0.04 per cent, at 4,917.9.
* The broader All Ordinaries index was down 17.9 points, or 0.36 per cent, at 5,001.
* The June share price index futures contract was down 10 points at 4,901 points, with 12,617 contracts traded.
* National turnover was 1.16 billion securities traded, worth $1.53 billion.
Local News Matters
Media diversity is under threat in Australia – nowhere more so than in South Australia. The state needs more than one voice to guide it forward and you can help with a donation of any size to InDaily. Your contribution goes directly to helping our journalists uncover the facts. Please click below to help InDaily continue to uncover the facts.