The Australian stock exchange market closed lower Friday as the benchmark S&P/ASX200 reversed 10. 4 points to 5,098.3 points while the all ordinaries slumped 12.6 points to 5,063.2 points.

Market turnover reached 1.2 billion shares collectively worth 4 billion Australian dollars (3.03 billion U.S. dollars) with 487 stocks up, 576 down and 349 unchanged.

Among the resources stocks, BHP Billiton plunged 41 cents to 27. 07 dollars and Rio Tinto sank 1.01 dollars to 73.40 dollars.

In the banking sector, ANZ climbed 17 cents to 27.40 dollars, Commonwealth Bank rose 10 cents to 46.09 dollars, National Australia Bank gained 6 cents to 36.26 dollars while Westpac lifted 9 cents to 23.31 dollars.

In the media sector, News Corp advanced 7 cents to 25.55 dollars.

Source: Xinhua