On Monday, Australian shares (ASX:AXJO) are expected to open lower following their all-time high during the previous session.

The anticipated drop is largely due to a likely decrease in both mining and energy stocks driven by a drop in fundamental commodity prices.

The local share price index futures indicated a decline of 0.6%, marking a 36.0-point discount to the underlying S&P/ASX 200 index’s closure.

On Friday, the benchmark had climbed by 1.1%.

The New Zealand market’s leading S&P/NZX 50 index was also facing a downward trend in the early trading hours, falling 0.5% at 11,865.74 points.

The reporting was carried out by Aaditya Govind Rao in Bengaluru with Sandra Maler responsible for the editing.

The S&P/ASX 200 index (ASX:AXJO) measures the performance of the 200 largest and most liquid listed companies in Australia.