Australian shares pulled away from a 1-month high to finish steady on Friday, as an absence of catalysts put a dampener on activity in afternoon trade. The SandP/ASX 200 index slipped 3.2 points to 5,324.1, with a total of 226 million shares changing hands in a session characterized by the traditional slowdown associated with year-end holidays. Volume was under a 3rd of the year's daily moving average. The local bourse increased 1.1 percent for the week, its 2nd week of gains. New Zealand's benchmark NZX 50 index closed flat at 4,767.4.
Most Popular Stories
- Koch Brothers Step up Anti-Obamacare Campaign
- FDIC Sues Big Banks Over Rate Manipulation
- Vybz Kartel Convicted of Murder
- Is Malaysian Airlines Flight 370 in Andaman Sea?
- SoCalGas Reaches Record Spend on Diversity Suppliers
- FDIC Accuses Big Banks of Fraud, Conspiracy
- Stocks Close Lower Ahead of Crimea Vote
- U.S. Consumer Sentiment Falls in Early March
- Ulta Shares Look Good on Strong Q4
- Jittery Investors Dumping Russian Stocks