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SYDNEY, AAP – Australia’s share market has closed lower after the commodity-based sectors of materials and energy lost more than one per cent each.

The S&P/ASX200 benchmark index closed down 31.9 points, or 0.47 per cent, to 6795.2 on Wednesday.

The index reached a session low of 6761.4 shortly after 1230 AEDT.

The All Ordinaries closed dropped 31 points, or 0.44 per cent, at 7048.

The heavyweight materials sector fell 1.46 per cent, while energy lost 1.19 per cent.

The Australian dollar was buying 77.30 US cents at 1621 AEDT, lower from 77.52 US cents at Tuesday’s close.