Market closes the week higher despite mining losses

The All Ordinaries index closed 6 points or a 0. 1 per cent higher at 5,641, while the ASX-200 index gained 7 points to 5,646. BHP Billiton closed 0. 6 per cent lower and rival Rio Tinto fell 0. 3 per cent.

Santos was a stand-out performer for the energy sector, with its shares jumping 3. 9 per cent despite a slide in the firm’s first-half profit. Origin Energy rose 0. 4 per cent but Caltex fell 0. 8 per cent.

Both of the major supermarkets had gains, with Woolworths adding 0. 1 per cent and Coles parent company Wesfarmers gained 0. 3 per cent.

Gold miner Newcrest managed a 0. 2 per cent rise but Fortescue Metals Group fell 0. 3 per cent.

Among the major banks, ANZ gained 0. 8 per cent, the Commonwealth 0. 4 per cent and NAB 0. 3 per cent while Westpac slipped just over 0. 1 per cent.

Read more here: ABC


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