The local share market's three-day winning streak has been snapped on the last full day of trading for 2024.
The benchmark S&P/ASX200 index on Monday finished down 26.8 points, or 0.32 per cent, to 8,235.
The broader All Ordinaries dropped 24.1 points, or 0.28 per cent, to 8,496.
The losses come after Friday's down day on Wall Street, where the S&P500 dropped 1.1 per cent and the Nasdaq fell 1.5 per cent amid a jump in bond yields.
Eight of the ASX's 11 sectors finished lower on Monday, while materials/mining was flat, health care gained marginally and energy rose 1.1 per cent.
The interest-rate-sensitive property sector was the biggest loser, dropping 1.9 per cent as office tower owner Dexus fell 3.7 per cent and shopping mall owner GPT Group retreated 3.9 per cent.
All of the big banks finished lower, with CBA falling 0.7 per cent to $115.08, NAB descending 0.5 per cent to $37.40, Westpac dipping 0.3 per cent to $32.55 and ANZ creeping 0.2 per cent lower at $28.77.
In the heavyweight mining sector, Rio Tinto expanded 0.9 per cent to $117.87 and BHP gained 0.2 per cent to $39.84, while Fortescue dipped 0.1 per cent to $18.50.
In the energy sector, Santos gained 1.7 per cent and Woodside grew 1.0 per cent as Brent crude traded at a two-week high of $US74.30 a barrel.
Karoon Energy was the biggest gainer in the ASX200, rising 3.5 per cent to $1.345 as its joint venture partner began drilling an exploration well in the Gulf of Mexico.
The Australian dollar was buying 62.43 US cents, from 62.09 US cents at Friday's ASX close.
At Monday's close the ASX200 was up 8.5 per cent year-to-date, a 12.5 per cent gain when including dividends.
That's in-line with its average annual return for the past decade but an underperformance compared to its global peers. The S&P500 is up 25.2 per cent year-to-date and the MSCI World Index has gained 18.5 per cent.
The ASX's final day of trading will be on Tuesday, with the market closing two hours early for the New Year's Day holiday.
ON THE ASX:
* The benchmark S&P/ASX200 index on Monday lost 26.8 points, or 0.32 per cent, at 8,235.0
* The broader All Ordinaries dropped 24.1 points, or 0.28 per cent, at 8,496.0
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 62.43 US cents, from 62.09 US cents at Tuesday's ASX close
* 98.54 Japanese yen, from 97.94 Japanese yen
* 59.87 euro cents, from 59.64 euro cents
* 49.62 British pence, from 49.58 pence
* 110.38 NZ cents, 110.48 110.50 NZ cents
