BKL 3.89% $80.96 blackmores limited

(Updates to close) June 27 (Reuters) - Australian shares...

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    (Updates to close)

    June 27 (Reuters) - Australian shares trimmed early losses to end marginally lower on Tuesday, ending three sessions of gains.

    Consumer staples and healthcare weighed on the index while gains on the financials sector cushioned overall losses.

    The S&P/ASX 200 index (xjo) closed down 0.1 percent or 5.96 points to 5,714.20 at the close of trade. The index ended 0.1 percent higher on Monday.

    "There's no real catalyst to move markets at the moment," said Chris Weston, an institutional dealer with IG Markets.

    Blackmores Ltd (BKL) fell 3.6 percent, dragging the consumer staples sector, after it said its Chief Executive and Managing Director Christine Holgate would move to Australia Post as CEO in September.[nASX9jn68h]

    Metcash Ltd (MTS) dropped 3.5 percent while Australian Agricultural Company Ltd (AAC) ended 1.6 percent lower.

    Healthcare stocks were also in the red with biotherapeutics company CSL Ltd (CSL) falling 1.4 percent and Regis Healthcare Ltd (REG) shedding 2 percent to touch its lowest close in over nine months.

    The gains on the financial and material sectors shored up the losses on the index.

    Leading insurer QBE Insurance Group Ltd (QBE) which fell 1.5 percent hitting over a six-month low earlier in the day, ended the session 1.3 percent higher.

    Bank of Queensland Ltd (BOQ) closed 1.9 percent higher while BT Investment Management Ltd (BTT) rose 1 percent.

    New Zealand's benchmark S&P/NZX 50 index (nz50) ended 0.4 percent or 30.85 points to finish the session at 7,626.35.

    Gains in materials were offset by the fall in utilities stocks.

    Comvita Ltd (CVT) was the top gainer on the index after it rose 6.7 percent to its highest close in over a month.

    On the other hand, Scales Corporation Ltd (SCL) was the biggest loser on the benchmark after it dropped 3.5 percent to its lowest close since May 30.

 
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