Banking heavyweights take shine off Aussie share market

Bank stock losses have dragged the share market down despite gains across six of 11 sectors. (Bianca De Marchi/AAP PHOTOS)

Banking and utilities stocks dragged the Australian share market lower as Commonwealth Bank's full-year results fell short of high expectations and AGL's profits slumped.

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.