Australia Market finishes 0.2% down

Australia stock market closed session lower on Monday, 25 June 2018, with decline in banking and financials amid CBA's wealth management spin off announcement offset gains in materials and energy linked stocks. The benchmark S&P/ASX200 index closed down 14.8 points, or 0.24%, at 6,210.4 points, while the broader All Ordinaries was down 13.4 points, or 0.21%, at 6,308.7 points. Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 716 to 602 and 401 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 3.61% to 12.121.

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