NAB's statement has been declined - a podcast by ausbiz

The S&P/ASX200 closed lower Tuesday, dropping 18 points or 0.2% to 7,434. Investors rotated out of the banking sector and piled into some of those new metal plays. The National Australia Bank (NAB) and Newcrest Mining (NCM) fell despite putting out some decent news. Worst of the worst was an ex-dividend CSR Ltd (CSR), down 4.6%. Chalice Mining (CHN) closed some 27% higher, taking the diversified digger's market cap beyond $3 billion, after sharing some positive maiden resource numbers out of its 100%-owned Julimar Project. Over the last five days, the index has gained 1.50% and is currently 2.60% off of its 52-week high.

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