ASX 200 slips; Paladin dives on Namibia intervention, Qantas rallies after investor day

Energy and banking shares weigh on bourse. Namibian intervention hits Paladin. Wesfarmers walks from Silk Laser. Qantas jumps amid investor day. Building data weighs on dollar.

Equity investor sentiment is likely to be subdue amid low volume holiday trading elsewhere. Picture: Gaye Gerard

Welcome to the Trading Day blog for Tuesday, May 30. The Australian sharemarket shed a few points in a cautious session for traders with both the US and UK markets closed for public holidays.

The S&P/ASX 200 fell 0.1 per cent, or 8.10 points, to 7209.30.

Wall Street was closed on Monday for Memorial Day. Futures tied to the S&P 500 were up 0.3 per cent, 0.5 per cent for the Nasdaq and Dow futures were up 0.2 per cent.

The dollar was buying US65.15c at the close