Beware of the latest share-buying spree Source: Supplied
The Australian share market has opened lower.
At 10:11 AEST the benchmark S&P/ASX200 index was down 8.7 points, or 0.17 per cent, at 5,197.4, while the broader All Ordinaries index was down 7.00 points, or 0.13 per cent, at 5,184.1.
On the ASX 24, the June share price index futures contract was down one point at 5,206, with 6,030 contracts traded.
In economic news on Monday, the Australia Bureau of Statistics is due to release March housing finance figures, while the National Australia Bank's monthly business survey is due out.
In equities news, Dulux Group and Incitev Pivot are both expected to post first half results, while Westfield Retail Trust has its annual general meeting.
In Australia, the market on Friday closed at levels last seen almost five years ago as a weakening local currency boosted the big miners.
The benchmark S&P/ASX200 index was up 7.7 points, or 0.15 per cent, at 5,206.1 points, while the broader All Ordinaries index was up 10.5 points, or 0.2 per cent, to 5,191.1 points.
AAP cdh
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