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Nov 21 (Reuters) - Australian shares closed lower on Monday, with consumer staples and healthcare stocks erasing the gains from energy and material sectors, as investors looked for more clarity on President-elect Donald Trump's policies.
The S&P/ASX 200 index .AXJO ended or 8.11 points or 0.2 percent lower at 5,351.30.
Consumer stocks .AXSJ dragged the index, falling more than 1 percent, with retail-to-resources company Wesfarmers Ltd WES.AX and supermarket giant Woolworths Ltd WOW.AX falling 1.5 percent and 1.6 percent, respectively.
The ASX 200 Healthcare index .AXHJ fell 1.3 percent with biotherapeutics company CSL Ltd CSL.AX dropping 0.7 percent.
Bucking the trend, energy stocks .AXEJ rose on hopes of an OPEC-led output cut, with Woodside Petroleum Ltd WPL.AX and Origin Energy Ltd ORG.AX gaining between 1.3 percent to 2.6 percent. O/R
Basic materials stocks .AXMJ rose for the first time in six sessions, with both BHP Billiton (LON:BLT) Ltd BHP.AX and Newcrest Mining Ltd NCM.AX closing up 0.8 percent.
Some 300 stocks hit new lows, while 275 issues hit new highs.
New Zealand's benchmark S&P/NZX 50 index .NZ50 closed down by 8.89 points to finish the session at 6,848.95.
The index saw the deepest losses in utilities and consumer staples, with Meridian Energy Ltd MEL.NZ and Contact Energy Ltd CEN.NZ shedding 2.9 percent and 2.4 percent respectively, while A2 Milk Company Ltd ATM.NZ lost 3.3 percent.