Day traders' after-market lounge October 1

Thanks afternoon crew.

End-of-day summary:

Miners and banks led a retreat from record levels as a new quarter began on a downbeat note.

The ASX 200 fell 61 points or 0.74% a day after closing out the September quarter at all-time highs.

The twin pillars of the local market - the heavily-weighted materials and financial sectors - wobbled this session, offsetting gains in healthcare, utilities, telcos and tech stocks.

Drags included mining giants BHP, Rio Tinto and Fortescue as a Chinese market holiday for the rest of this week offered buyers an excuse to take profits at multi-month highs. The financial sector dropped 1.2% to its fifth loss in seven sessions as this year's bank rally continued to unwind.