The Australian sharemarket retreated from its record high on Friday as investors booked profits following a week of robust corporate results that lifted the benchmark index beyond 9,000 points for the first time.
The S&P/ASX 200 Index slipped 51.7 points, or 0.6%, to close at 8,967.4, with seven of the 11 industry sectors in decline.
Health Care led losses, as CSL declined 4.2% and ending the week 19.9% lower post-results.
Consumer Staples retreated as Inghams Group slumped 20.3% as full-year net profit fell 10.2% to $90 million, missing expectations on both earnings and outlook.
Among other staples, Endeavour Group fell 1.6%, Coles slid 3.3%, and Woolworths dropped 1.5%.
Property stocks also retreated, with Goodman Group down 4.8% a day after reporting results, and Lendlease shedding 2.8% amid pressure from Hostplus and other unitholders to remove it as manager of three flagship property funds worth A$10 billion, with Mirvac seen as a potential replacement.
In company-specific moves, buy now, pay later firm Zip surged 20.2% after confirming plans to explore a dual-listing on the Nasdaq to capitalise on growing U.S. investor interest.
By contrast, Guzman y Gomez tumbled 18.9% to a record low after reporting results that fell short of forecasts and stoked concerns about its growth outlook.
Helia gained 1.8% after reporting an 8% rise in net profit but warned of a challenging environment ahead for its mortgage insurance business.
Accent Group slumped 17.8% as annual sales rose just 1.5% to $1.5 billion, while net profit declined due to heavy discounting in a weaker fashion footwear market.
On the bond markets, the yield on 10-year government debt was steady at 4.318%, while two-year yields edged down 0.5% to 3.357%.
