Australia markets closed

Shares down as investors reap profits

The share market is lower as investors continue to take money off the table following a week of gains.

The mining and energy stocks led the way down, with BHP Billiton dropping 1.45 per cent and oil players Oil Search and Santos down about two per cent.

However the higher gold price saw miners Newcrest and Evolution both gain, while Fortescue also surged 5.26 per cent off the back of a rise in iron ore.

Taxi payment system Cabcharge slid two per cent after the competition regulator indicated that it would block its smartphone booking app.


* At 1210 AEDT on Monday, the benchmark S&P/ASX200 index was down 38 points, or 0.72 per cent, at 5,241.7 points.

* The broader All Ordinaries index was down 32.8 points, or 0.62 per cent, at 5,276.4 points.

* The December share price index futures contract was down 47 points at 5,220 points, with 12,335 contracts traded.

* National turnover was one billion securities worth $1.6 billion.