Share market slips at Wednesday's Australian market open

The Australian share market opened lower on Wednesday after weakness in the country's four biggest banks.

At the official market open, the benchmark S & P/ASX200 index was 27.8 points, or 0.49 percent, lower at 5,670.1 points, while the broader All Ordinaries fell 25.3 points, or 0.45 percent, to 5, 656.6 points.

Energy stocks dragged local market down again by 0.82 percent. Santos fell 0.28 percent, but Woodside Petroleum added 0.11 percent. Consumer staples shed 0.75 per cent.

Woolworths dropped 0.59 percent, while Wesfarmers shed 1.02 percent.

Financials fell 0.73 percent.ANZ lost 0.55 percent, while the Commonwealth Bank retreated 0.85 percent.

The National Australia Bank retreated 0.87 percent while Westpac lost 1.04 percent.

Miners BHP Billiton lifted 1.12 percent, while Rio Tinto gained 0.46 percent. Enditem