The S&P/ASX200 finished down 53.7 points, or 0.6 per cent, to 8827.1. -AAP Image
Banking and utilities stocks dragged the Australian share market down as Commonwealth Bank's full-year results fell short of high expectations and AGL's profits slumped.
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The S&P/ASX200 finished down 53.7 points, or 0.6 per cent, to 8827.1 on Wednesday, as the broader All Ordinaries slid 47.2 points, or 0.5 per cent, to 9103.1.
Shares in Australia's biggest bank, which many analysts consider overvalued, fell 5.4 per cent despite logging a healthy $10 billion full-year cash profit.
The Australian dollar was buying 65.32 US cents at 4pm AEST, from 65.00 US cents at Tuesday's close.
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