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.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles