Australian shares have given up most of Friday's rally ahead of what could be a hectic week. -AAP Image
The local bourse has been unable to push further into record territory, with most sectors losing ground at the start of a busy week for markets.
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The benchmark S&P/ASX200 index had given up three-quarters of Friday's gains, dropping 89 points, or 1.02 per cent, to 8,668.2, while the broader All Ordinaries fell 80.6 points, or 0.89 per cent, to 8,926.2.
The Australian dollar was buying 65.18 US cents, from 65.02 US cents at 5pm on Friday.
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