PERTH: The Australian share market has ended a dismal week with another loss.
Shares bounced in early trade as the banks regained some ground, but the rally was short-lived.
You might also like
The All Ordinaries closed down nine points at 5,635.
The ASX 200 was off 11 points to also close at 5,635.
Banks and financial stocks were mixed.
Commonwealth Bank reversed early gains to end more than 0.5 per cent lower at $82.64 cents a share.
ANZ was down 2 per cent as it traded ex-dividend, while Westpac went the other way, up almost 0.5 per cent. NAB remains in a trading halt.
The big winner of the day was Macquarie. The investment bank’s shares rose 3.5 per cent as investors welcomed its bumper profit result.
Energy and mining stocks dragged on the market, with heavyweight BHP Billiton almost 2 per cent lower and Rio Tinto down 0.2 per cent.
The energy sector lost almost 10 per cent as global oil prices continued to slide because of an oversupply.
Santos fell almost 5 per cent and Woodside was down 3.5 per cent.
