The Australian share market is trading lower, weighed down by two major banks trading ex-dividend, weaker prices for oil and metals, and general uncertainty over who will be in the next US administration.
The benchmark S&P/ASX 200 index was down 0.7 per cent at noon AEDT on Monday, with the big banks mixed, and the mining and energy sectors in the red.
On Wall Street, markets were subdued on Friday as investors pondered the impact of US President-elect Donald Trump's likely policies and the make-up of his administration.
Locally on Monday, the major banks were mixed at 1200 AEDT.
Westpac was down $1.14, or 3.57 per cent, at $30.77 and ANZ was off 65 cents, at $27.65, as both traded ex-dividend. But, National Australia Bank was up 11 cents at $27.91, and Commonwealth Bank had lifted eight cents to $75.86.
In the resources sector, global miner BHP Billiton had backtracked 35.5 cents to $24.585, Rio Tinto had dropped 49 cents to $59.06, and Fortescue Metals had dipped 20 cents to $6.08, after announcing a $US473 million loan deal to fund construction of its very large ore carriers.
In the energy sector, Woodside Petroleum gave away 16 cents to $28.83, and Santos reversed 0.5 cents to $3.805.
Among other stocks, agribusiness Elders was 13 cents, or 3.43 per cent, higher after the company lifted full-year net profit by 35 per cent to $51.6 million.
* At 1200 AEDT on Monday, the benchmark S&P/ASX 200 index was down 39.1 points, or 0.73 per cent, at 5,331.6 points.
* The broader All Ordinaries index was down 39.2 points, or 0.72 per cent, at 5,407.4 points.
* The December share price index futures contract was down 15 points at 5,343 points, with 9,107 contracts traded.
* National turnover was 1.3 billion securities traded, worth $2.17 billion.