Australian share market finished deeply in red on last trading session of month, Wednesday, 31 August 2016, on following drop in commodity prices and modest losses on Wall Street overnight. Barring information technology issue, all ASX sectors declined, with shares of bullion, material, energy, and consumer staple blue-chip companies being major losers. At close of trade, the benchmark S&P/ASX 200 index dropped 45.30 points, or 0.83%, to 5433, posting its fourth loss over five sessions. The broader All Ordinaries de-grew 44.10 points, or 0.79%, to 5529.40. For the month, the benchmark index slipped 2.3%, after its blockbuster 6.3% rally in July.
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