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Aussie share market ends flat, falls 0.6 percent for week

2021-01-15 15:28

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SYDNEY, Jan. 15 (Xinhua) -- The Australian share market faded in late trade and finished flat on Friday, with weakness from healthcare stocks offsetting strong gains from tech and mining giants.

At the market close the benchmark S&P/ASX 200 index was up 0.10 points or 0.00 percent at 6,715.40, while the broader All Ordinaries index was up 4.10 points or 0.06 percent at 6,986.80.

"Strong gains from Afterpay, some of the big banks, property stocks, BHP and Fortescue

were offset by weakness from healthcare stocks, Aristocrat and CBA," CommSec market analyst Steven Daghlian said.

The index slipped 0.60 percent over the week due to declines on Monday and Tuesday.

In the financial space, the big banks were mixed with Commonwealth Bank down (1.10 percent), National Australia Bank up (1.51 percent), Westpac Bank up (1.52 percent) and ANZ up (0.24 percent).

Mining stocks were mostly higher with BHP up (1.65 percent), Rio Tinto up (0.72 percent), and Fortescue Metals up (1.70 percent), however, gold miner Newcrest remained unchanged (0.00 percent).

The country's oil and gas producers varied with Oil Search up (0.23 percent), Santos down (1.07 percent) and Woodside Petroleum up (0.56 percent).

Australia's largest supermarkets slipped with Coles down (0.45 percent), and Woolworths down (0.43 percent).

Meanwhile telecommunications giant Telstra surged (0.97 percent), the national carrier Qantas soared (1.67 percent) and biomedical firm CSL slumped (1.38 percent).
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