Investors pull back as shares edge higher for the week
Australian shares edged lower on Friday but closed higher for the week. -AAP Image
Australia's share market has limped to the finish line in a nearly flat session, but has held onto some of the gains that took it to new all-time highs this week.
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The S&P/ASX200 slipped 6.2 points on Friday, down 0.07 per cent to 9,026.6, as the broader All Ordinaries fell 4.7 points, or 0.05 per cent, to 9,324.4.
The top-200 ended the week roughly 0.3 per cent higher, after notching a best-ever close of 9,063 on Tuesday on the back of a mining sector rally.
Six of 11 local sectors moved higher on Friday, led by a 1.3 per cent lift in IT stocks, while a weaker banking sector and a continued sell-off in gold stocks weighed on the bourse.
The Australian dollar is buying 65.02 US cents, up slightly from 64.92 US cents on Thursday at 5pm, after holding a tight range against the greenback all week.
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