Australian share market slips despite Wall Street recovery

Australian shares slipped over Friday’s session, as a broad sell-off in consumer stocks, materials, financials and energy stocks weighed on the benchmark.

At the closing bell, the S&P/ASX200 shed 0.3 per cent, or 25.5 points, to 7788.1, as eight of 11 industry sectors finished in the red. Despite the sell-off, shares eked out modest gains over the week to finish 0.2 per cent higher.

Meanwhile the broader All Ordinaries shed 0.3 per cent of its value over Friday’s session.

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