It has been reported that Australian stock market, after showing some signs of recovery, is once again falling down.

Everything was going well till Wednesday noon but after that the S&P/ASX 200 slid to 23.2 points. On the other hand, the Ordinaries Index also fell to 22.8 points to 4,276.9, which was earlier 4,282.

Even working with the prudence, it seems that the stock market failed to save itself.

The other big fall was recorded at the Sydney Futures Exchange. The shares price fell by 30 points.

However, the financial situation at the ANZ Bank and Westpac is moderate. Bank of Queensland also showed some positive signs of recovery.

But the Australian National Bank is in a poor state with less chances of upturn in the coming weeks. Macquarie Group is also running under subsequent losses.

Another name in this category is of Adelaide Bank. The bank is also facing financial problems and its trading is down by 1%.

The construction sector has also reported of the downturn. The sector was showing good signs of its recovery from the past three months. But now it is down by straight 7 points approximately.

It has also been noticed that the sudden downturn in the economy has not affected the mining industry. Where the shares of BHP Billiton rose by 1.3% on Wednesday’s trading, the shares of Rio Tinto recorded a hike of 1.7%