Evening Market Commentary: End Week On Flat Note


Evening Market Commentary: End Week On Flat Note

Evening Market Commentary: End Week On Flat Note

Aussie shares ended the week on a flat note, despite mostly stronger gains on International markets overnight.

The sectors finished with 7 out of 12 in negative territory. Consumer staples was one of best performing segments, whilst the energy and materials were among the worst.

The major banks were mixed; Westpac and ANZ both climbed 1%, whilst CBA was flat.

The big miners were mixed on the day as were commodity prices; Rio Tinto gained 0.3% whilst rival BHP declined 0.6%.

Pharmaxis was a stellar performer, up 5.6% after noting European regulators were getting closer to approving its cystic fibrosis drug, Bronchitol.

The ASX 200 slipped two points to close at 4276. Overall the market had a good week, up 1.5%.

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