The Australian sharemarket fell on Thursday following a series of earnings results and a sell-off in Commonwealth Bank shares.
The S&P/ASX 200 declined 20.9 points, or 0.2%, to 9,188.5, with six of the 11 sectors closing lower.
Communication services led the declines, with Telstra falling 3.2% despite reporting a 2.7% year-on-year increase in full-year profit to A$2.41 billion.
Telstra also announced plans for a share buyback worth up to $1 billion in FY27. The telecommunications company completed a $1.25 billion share buyback programme in June 2026.
The Information Technology sector finished higher overall. WiseTech Global gained 1.7%, Xero slipped 0.3%, NextDC added 1.7%, and TechnologyOne fell 0.4%.
Financials finished marginally higher, despite CBA falling 2.2% after Australia’s largest bank reported a better-than-expected profit result on Wednesday.
National Australia Bank gained 1.2%, while Westpac advanced 0.9%.
ANZ surged 4.5% after reporting a $1.9 billion cash profit for the three months ended 30 June, up 2% year-on-year. The bank said support from the first home buyer scheme helped mortgage applications remain flat.
Among individual movers, ASX Ltd jumped 9% after reporting a 5% increase in full-year underlying profit.
Origin Energy also climbed 5.3% following a surge in profit and energy market earnings.
On the bond markets, 10-year and 2-year rates were down 0.7% and 1.1% at 4.963% and 4.541%, respectively.
