The Australian share market has finished lower for the first time since Tuesday, after the two days of gains sent it into record territory.

The benchmark S&P/ASX200 index closed Friday down 23.5 points, or 0.33 per cent, at 7,139, while the broader All Ordinaries index was down 24.8 points, or 0.34 per cent, at 7,230.4.

The Australian dollar was buying 66.05 US cents, down from 66.47 US cents on Thursday.