The Australian share market has closed lower, with the big four banks losing ground ahead of the federal Budget on Tuesday.
At the close on Monday, the benchmark S&P/ASX200 index was 9.4 points, or 0.17 per cent, lower at 5,625.2, while the broader All Ordinaries index was down 7.8 points, or 0.14 per cent, at 5,627.6, according to preliminary figures.
On the ASX 24, the June share price index futures contract was 13 points lower at 5,589, with 33,342 contracts traded.