Energy, miners weigh on Australian shares

The Australian share market is set to follow Wall Street lower at the open. (AAP)

The Australian share market is lower due to losses from energy and mining shares after Friday's close.

A late rally from banking and health care stocks limited losses to the local indices, but falling oil prices ensured the energy sector would drag the Australian share market lower.

The benchmark S&P/ASX200 index closed 6.4 points lower, or 0.11 per cent, at 5921.8 at 1615 AEDT on Friday, while the broader All Ordinaries fell 0.08 per cent.

The Australian dollar weakened against its US counterpart after the Federal Reserve kept interest rates on hold. The Aussie was buying 72.42 US cents from 72.82 on Thursday.

Source AAP

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