Aust stocks finish lower
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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.
"We're seeing a little bit of weakness following that lead from Wall Street," Mr Daghlian said.
"But the losses haven't been great. The market is really treading water ahead of the US non-farm payrolls tonight, the most important data all week."
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