ASX200 falls 0.64%

Australian share market finished lower for second straight session on Thursday, 11 August 2016, with banks and financial heavyweight stocks leading losses following a trading update from one of the country's biggest lenders while energy stocks were knocked by a slump in crude-oil prices. At close of trade, the benchmark S&P/ASX 200 index declined 35.70 points, or 0.64%, to 5508. The broader All Ordinaries declined 28.80 points, or 0.51%, to 5599.40. Falling stocks outnumbered advancing ones on the Australia Stock Exchange by 526 to 509 and 350 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 2.74% to 13.053.

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