The share market is lower at noon due to weakness in the banking, mining and energy sectors.
The market had a relatively steady start to trade, but by noon (AEDT) had slipped almost 0.5 per cent.
ANZ was the worst performer among the big four lenders, down 1.5 per cent, while mining giant BHP was 1.7 per cent weaker.
Energy stocks were also under pressure, with Oil Search down 2.3 per cent and Woodside Petroleum one per cent weaker.
The market’s fall follows the European Central Bank’s decision to cut interest rates, and a choppy session on Wall Street.
KEY FACTS:
* At 1201 AEDT, the benchmark S&P/ASX200 index was down 24.5 points, or 0.48 per cent at 5,125.6 points.
* The broader All Ordinaries index was down 23.4 points, or 0.45 per cent, at 5,187.5 points.
* The March share price index futures contract was down 32 points at 5,126 with 22,628 contracts traded.
* National turnover was 715 million securities traded, worth $1.05 billion.