Australian shares dip as traders await next catalyst

With the financial year-end behind investors and a quiet week ahead for local and global macroeconomic data, trading volumes fell to below half their daily average in an unconvincing session.

Banks, miners and major supermarkets dragged, while energy, healthcare, consumer discretionaries and technology stocks made decent gains.

The Australian dollar is buying 69.31 US cents, down from 69.48 US cents on Friday at 5pm AEST.