Share market ends week lower despite small gains
The share market made small gains today, but has ended the week lower.
The All Ordinaries Index gained 17 points to close at 5,248, while the ASX-200 put on 17 points to close at 5,162.
The banking and finance sector made modest gains, lifting almost 1 per cent.
One of the best performers was Macquarie Bank, which put on $1.27 to $72.72.
Commonwealth Bank lifted 23 cents to $72.03 and Westpac put on 27 cents to $28.67.
ANZ gained 17 cents to $23.23, while NAB lifted 26 cents to $25.04.
There were losses in resources and energy, with Newcrest losing 12 cents to $22.42 and Caltex declining 26 cents to $32.59.
But BHP put on 19 cents to $18.08 and Rio Tinto gained 41 cents to $43.42.
It was a good day for the airlines, with Qantas gaining 7 cents to $2.92 and Virgin lifting half a cent to 26 cents.
Around 5:00pm (AEST) gold was higher at $US1,282 an ounce.
Iron ore was flat at $US50.20 a tonne and West Texas crude oil was lower at just over $US46.00 a barrel.
The Australian dollar was higher buying 73.7 US cents.