ASX 200 falls 0.2%, led by energy sector; Magellan suffers record one-day fall

ASX down on energy, financials and industrial sectors; Magellan suffers record one-day fall over axed mandate, Cimic tumbles 13 per cent and Nine secures NRL rights for 2023-2027.

Australian shares may come under pressue in the last week of trading before Christmas. Picture: AAP/Paul Miller

Welcome to the Trading Day blog for Monday, December 20. ASX closes lower on energy, financials and industrials sectors.  It comes as Magellan suffers a record one-day loss over cancelled St James's Place mandate and Humm soars 22 per cent over takeover proposals. 

The S&P/ASX 200 closed down 0.2 per cent at 7292.2, while the broader All Ordinaries dropped 0.3 per cent to 7602.2.

The Dow Jones Industrial Average closed down 1.5 per cent on Friday, the S&P 500 lost 1 per cent and tech-heavy Nasdaq slipped 0.1 per cent.

Base metals fell in London, while the US Nymex crude price dropped 2.9 per cent to $US70.29 a barrel. Iron ore bucked the trend, climbing 3.1 per cent to $US118.25 a tonne on Friday amid hopes of a recovery in Chinese demand.