The market falls as shares in the energy and utilities sectors

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Here is a summary of your usual host, William McInnes.

Investors remained cautious on the Australian stock market on Tuesday as equities fell for the second consecutive session driven by resource stocks.

The S & P / ASX 200 index fell 37.9 points, or 0.6%, to 6203.6, with crude oil and base metal losses weighing on the index.

Monday, Saudi Arabia could reach a record level West Texas Intermediate crude fell 4.2% while Brent crude fell 3.8%.

Woodside Petroleum lost 2.4% to $ 34.73, Origin Energy finished down 2.1% to $ 9.41 and Oil Search closed at $ 8.80. down 2.8 percent.

Rio Tinto's second quarter production results showed that shipments of iron ore increased by 14 percent. Rio Tinto shares rose 0.3% to $ 79.16, with positive results weighted by a decline in base metals during the night.

Prices for iron ore, copper, lead, nickel, tin and zinc declined significantly on Monday. Asaleo Care has reduced its profit forecast for the entire year by 29%, bringing it from $ 80 million to $ 85 million in 2018, up from $ 113 million last year. and $ 119 million. Its shares fell 34.9 percent to a record low of 85 ¢, 32 percent below its previous record.

Big banks traded higher, however, their gains were muted and did little to displace the market. Commonwealth Bank was the best of the big four, up 0.3 percent to $ 74.49, adding just 1.6 points to the index.

TechnologyOne shares climbed 8.2 percent to $ 4.74 after the company announced changes to its accounting policies. Executive Chairman Adrian Di Marco said that this change would bring the company closer to its counterparts in the industry. "With these changes, we will become a stronger, simpler and more efficient company, which will contribute to the continued strong growth of our SaaS business in the coming years," he said.

Beadell Resources recorded its second day of significant gains, up 5.6% to 5.7 ¢ after announcing Monday that it has signed a contract with Brazil's largest mining contractor, U & M Mineração e Construção S / A. The move is expected to result in a $ 100 million reduction in mine operating costs for life.