The benchmark S&P/ASX 200 share market index ended the last five days in negative territory, down 0.5% at 5,899 points.
After a strong start to the week the RBA’s decision on Tuesday to leave interest rates on hold for at least another month triggered a sharp fall, from which the market never really recovered.
The materials sector fell 2.8%, with Rio Tinto and BHP Billiton down 6.4% and 2.8% respectively.
The energy sector ended 0.7% down, while telecoms lost 1.2% and financials closed 0.1% lower.
Healthcare stocks had a better week, however, as the sector finished with a 1.6% gain.
Cash rate remains at 2.25%
In economic news, the Reserve Bank decided to keep the official cash rate at 2.25%, while the annual rate of inflation remained flat at 1.3% in February, well below the Reserve Bank’s 2% to 3% target band.