SYDNEY: Australian shares closed lower on Thursday with bank stocks providing the biggest drag.
National Australia Bank, which traded ex-dividend, ended 4.5 per cent lower, while the other major banks were down between 0.5 per cent and 1.0 per cent.
The S&P/ASX 200 index fell 0.9 per cent, or 49.29 points, to 5,193.00.
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