Synopsis
The benchmark ASX 200 index closed 0.2 per cent higher at 7030.3 points, and delivered a weekly gain of 0.23 per cent.
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Banking stocks were flat, although three of the Big Four banks were trading in the black. Commonwealth Bank of Australia, which lost about 0.5 per cent, weighed in the index.
Australian shares on Friday flitted in and out of negative territory, but turned positive to end the week higher, with local tech stocks taking cues from an upbeat Wall Street session on signs of a pick-up in U.S. job growth this month. The benchmark ASX 200 index closed 0.2 per cent higher at 7030.3 points, and delivered a weekly gain of 0.23 per cent.
Synopsis
The benchmark ASX 200 index snapped a three-day rally to end 1.9 per cent lower at 6,931.70, its lowest close since April 7.
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Among sectors, gold stocks shed 2.8 per cent despite bullion prices hitting a near four-month high.
Australian shares closed at a six-week low on Wednesday, dragged down by losses in heavyweight bank and mining stocks, while EML Payments Ltd was the top loser on the benchmark index on fears of regulatory curbs on its Irish unit. The benchmark ASX 200 index snapped a three-day rally to end 1.9 per cent lower at 6,931.70, its lowest close since April 7. It s a widespread sell off, no sectors have been exempted from the selling, including those mining stocks that have had improvements in commodity prices, said Steven Daghlian, market analyst at CommSec.