Australian shares have been dragged lower by the big miners due to weaker commodities prices.
IG market analyst Evan Lucas said trading had been uninspiring as the recent bull run comes to an end.
"It's been a bit of a dull day. It's not surprising we saw the materials space off and the commodities space got hit pretty hard," he said.
Little company news and low turnover had contributed to the lacklustre moves.
Mr Lucas said the local market was due for some weakness following a strong run over the past four months.
"Once the banks turn ex-dividend in the next weeks then we're likely to see some falls," he said.
The big miners continued to lose ground despite a bigger than expected rise in Chinese manufacturing activity, with China's Purchasing Managers' Index rising by a third of a percentage point to 51.4 points in October.
Mr Lucas said the result had largely been priced in.
BHP Billiton dropped 13 cents to $37.53, Rio Tinto lost 45 cents to $63.54 and Fortescue was five cents weaker at $5.16.
Department store David Jones was one of the best performers among the top 200 companies, adding 18 cents, or 6.6 per cent, to $2.90 after quarterly sales rose by 2.1 per cent.
Macquarie Group was another company to post strong gains, adding $2.15, or 4.2 per cent, to $53.10 after its half year profit rose by nearly 40 per cent to $501 million and its dividend was increased.
The big four banks were mixed, with National Australia Bank up 32 cents to $35.63, Westpac up 29 cents to $34.58, but Commonwealth Bank was down 28 cents to $75.80 and ANZ was down 12 cents to $33.72.
- At the close on Friday, the benchmark S&P/ASX200 index was down 14.4 points, or 0.27 per cent, at 5,411.1.
- The broader All Ordinaries index was down 13.8 points, or 0.25 per cent, at 5,406.5.
- The December share price index futures contract was 26 points lower at 5,390, with 25,592 contracts traded.
- National turnover was 2.1 billion securities worth $3.98 billion.