Australia’s share market has drifted lower for a third session, with a rally in mining stocks unable to ballast weakness across all other sectors.
The S&P/ASX200 fell 19.2 points on Wednesday, down 0.22 per cent, to 8,579.7, as the broader All Ordinaries lost 12.3 points, or 0.14 per cent, to 8,868.3.
Raw materials was the only winner of 11 local sectors, up 1.6 per cent as gold stocks surged, while energy, financials, health care, consumer staples and IT stocks dragged the bourse lower.
The Australian dollar was buying 66.16 US cents, down from 66.33 US cents on Tuesday at 5pm as the US dollar appreciated against the major currencies.