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The Australian share market finished session lower on Tuesday, 01 June 2021, extending the losses of the previous session, amid concerns over rising COVID-19 cases in Victoria. However, market losses capped after the Reserve Bank of Australia on Tuesday announcement of widely expected decision to hold steady on its current policy settings, including keeping the cash rate at 0.1%. At closing bell, the benchmark S&P/ASX200 was down 19.06 points, or 0.27%, up at 7,142.57. The broader All Ordinaries fell 14.56 points, or 0.2%, to 7,392.10. Total 9 of 11 S&P/ASX200 sectors were lower, with the worst performing sectors were Financial (down 0.72%), healthcare (down 0.7%), telecommunication services (down 0.46%), and consumer discretionary (down 0.26%) issues, while energy (up 1.34%), and materials (up 0.29%) were best performing sectors.

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