The share market has ended a seven session winning run as a fall in iron ore prices weighed on the resources sector.

The fall in the iron ore price was related to more doubts over the strength of China’s economy, following weaker than expected Chinese manufacturing data last week, OptionsXpress market analyst Ben Le Brun said.

“We’re modestly down and definitely weighed upon by the materials sector on the falls of the iron ore price over the weekend,” he said.

The market had hit a new six-year high on Friday after seven straight trading sessions of gains.

Mr Le Brun described the performance of the rest of the market as “wishy washy”, on the back of mixed company earnings reports.

Investors were also digesting a cautious appraisal of the US jobs market by US Federal Reserve chair Janet Yellen, he said.

In the resources sector, BHP Billiton dropped 55 cents to $37.25, Rio Tinto dumped 86 cents to $64.54 and Fortescue Metals dipped eight cents to $4.34, according to preliminary closing figures.

The banks also dropped, with Commonwealth Bank losing 10 cents to $80.51, ANZ retreated 25 cents to $33.22, Westpac shed nine cents to $34.80 and National Australia Bank gave up six cents to $34.40.

BlueScope Steel plunged 78 cents, or 12.8 per cent, to $5.32 after reporting a $82.4 million annual loss.

Fuel supplier Caltex surged $1.90, or 7.4 per cent, to $27.45 after it said it would cut 350 jobs in a restructure and lifted its first half profit one per cent to $173 million.

KEY FACTS

* At 1621 AEST on Monday, preliminary closing figures showed the benchmark S&P/ASX200 index down 10.7 points, or 0.19 per cent, at 5,634.9 points.

* The broader All Ordinaries index was down 7.7 points, or 0.14 per cent, at 5,632.8 points.

* The September share price index futures contract was down 13 points at 5,596 points, with 18,946 contracts traded.

* Preliminary national turnover was 1.56 billion securities worth $3.66 billion.