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AAP
AAP
Business
Derek Rose

Financial sector suffers worst loss in five weeks

The benchmark S&P/ASX200 index has finished 61.8 points lower at 8,419.2, (Bianca De Marchi/AAP PHOTOS)

The local share market has lost ground for a third consecutive day, with three of big four banks suffering particularly heavy losses after disappointing first-quarter earnings from NAB.

The benchmark S&P/ASX200 index on Wednesday finished 61.8 points lower at 8,419.2, a drop of 0.73 per cent, while the broader All Ordinaries fell 57.6 points, or 0.66 per cent, to 8,699.1.

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