The Australian sharemarket fell minutes after opening on Monday as strong gains by miners

The Australian sharemarket fell minutes after opening on Monday as strong gains by miners, driven by gold trading near a record high, were offset by falls elsewhere.
The S&P/ASX 200 Index lost 0.4 per cent, or 31.3 points, to 8839.9 at 10.34am AEST , tracking Wall Street's decline on Friday.
Gold resumed its upward march towards $US3600 an ounce on expectations that the US Federal Reserve would lower rates at its September meeting.
Energy and discretionary spending led losses on the ASX, while technology and materials flashed green.
Life360 was the index's top gainer, up 5.7 per cent, followed by Pilbara, up 4 per cent and James Hardie, up 3.4 per cent.
Gold miner Perseus Mining jumped 2 per cent, while lithium company Mineral Resources and Liontown climbed more than 3 per cent. The larger miners also helped to limit losses on the index with Rio Tinto rising 1.5 per cent. BHP was flat.
Among the biggest losers were Woodside, down 3.2 per cent, and Harvey Norman, 2 per cent lower. The bourse was also weighed down by stocks that were trading ex-dividend.
The banking sector also came under pressure with ANZ and National Australia Bank both down 0.8 per cent. Westpac eased 0.6 per cent and Commonwealth Bank shed 0.4 per cent.
Stocks on the move
In company news, supermarket giants Woolworths and Coles fell after flagging more than $800 million in combined backpay estimates following a Federal Court decision last week. Woolworths eased 0.1 per cent and Coles lost 0.3 per cent.
Mayne Pharma collapsed 12 per cent after denying all knowledge of dialogue between the South Australian government, Cosette and the Foreign Investment Review Board following an article published in The Australian Financial Review. The story reported that the state government had asked the FIRB to block Cosette's $672 million takeover over fears that Salisbury, a major Adelaide manufacturing plant, would be closed.
PointsBet edged up 0.2 per cent after Japan entertainment giant Mixi took control of the bookmaker with a stake exceeding 50 per cent in an off-market takeover.
Campervan provider Tourism Holdings rallied 2.3 per cent after announcing it was selling its dealerships in the Sydney RV Super Centre and Brisbane's Kratzmann RV Super Centre.

Sumber : AFR