Australian shares have finished higher for a fourth straight day, in a mostly quiet session that served as a break from recent extreme volatility.
The benchmark S&P/ASX200 index finished Friday up 25.2 points, or 0.42 per cent, at 6,057.9 points, while the All Ordinaries index gained 21.4 points, or 0.35 per cent, at 6,163.7.
“A little uneventful, a relatively quiet day,” said CommSec market analyst James Tao.
“Of course there is the US public holiday, the Fourth of July, which takes a little bit out of our market today,” Mr Tao said.
Wall Street, where the S&P 500 rose 0.4 per cent overnight, won’t resume trading until Monday.
For the week the ASX200 closed up 153.8 points, or 2.6 per cent, with Monday’s losses followed by four days of gains.
The index has only had four losing sessions in the past three weeks.
Energy, industrials and property collectively declined, while health care and telecom shares led gainers, both collectively rising over two per cent.
CSL rose 2.7 per cent to $297.46 and Cochlear advanced 5.9 per cent to a three-month high of $204 after announcing the US Food and Drug Administration had approved four new hearing implant products for US