Commodity prices and resources sector brings stock market into the red

Australian shares ended lower today after lower commodity prices brought down resources, but the ASX was up for the week.

The benchmark (S&P/ASX 200) index was down 24.2 points (0.51 per cent) at 4732.20. The All Ordinaries was down 20.5 points (0.42 per cent) at 4807.20.

Asian stocks markets had mixed results and many banks struggled to improve despite Wall Street’s rise overnight.

BHP Billiton lost 1.72 per cent while Rio Tinto lost 1.1 per cent.

NAB was the only one of the Big Four banks to gain, putting on 0.04 per cent, while Westpac, Commonwealth Bank and ANZ all lost ground.