Aust stocks open lower

Market retreats from yesterday's 5-year high, begins almost 0.5% weaker.

The Australian stock market pulled back from the previous session's five-year high high, to open almost 0.5% weaker, following weak leads from global bourses.

At the 1015 AEST official market open, the benchmark S&P/ASX200 index fell 0.44% to 5,219.6 points, while the broader All Ordinaries index slipped 0.41% to 5,216.5 points.

In news on Friday, ANZ makes its monthly interest rate decision.

The market on Thursday hit another new five-year high, with the benchmark S&P/ASX200 index adding 8.1 points to 5,242.5 points and the broader All Ordinaries index gained 7.6 points to 5,238.2 points.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free