Aust stocks finish lower

Qantas falls after credit downgrade; Nine makes lacklustre debut.

Australian stocks ended slightly lower on Friday, as the market digested news that Qantas Airways had been stripped of its investment grade credit rating and Nine Entertainment Co made a lacklustre debut.

At the 1615 AEDT market close, the benchmark S&P/ASX200 index was down 0.23% to 5,186 points, while the broader All Ordinaries index lost 0.21% to 5,186 points.

CommSec market analyst Steve Daghlian said trading volumes had been thin on Friday as local investors reacted to a fifth consecutive day of losses in the US and Europe.

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