SYDNEY, June 2 (Xinhua) -- The Australian share market has closed out the week on a high on Friday as stocks across most sectors, including banking and mining, recovered from their downward slide.
At the market close, the S&P/ASX200 index was up 50.00 points, or 0.87 percent, to end at 5,788.10 points, while the broader based All Ordinaries index was also ahead 48.60 points, or 0.84 percent, to finish on 5,821.10 points.
The market appeared to normalise after a week-long run of losses in most sectors, with the gains made in the banking and mining sectors, driving up the index as a whole.
There was still some big positive movement for some stocks today, with Sigma Health picking up a solid 6.59 percent gain, media giant Seven scored a 4.16 percent boost, while online sales site Carsales.com gained a healthy 3.27 percent in value.
Despite the overall trend, some stocks suffered, with energy giant AGL dropping off by 3.86 percent, the new player in the mobile telco market TPG lost 2.60 percent, while the leading Australian vitamin supplier to China, Blackmores, lost 2.00 percent in trade on Friday.
In the banking sector, the Commonwealth Bank of Australia was up 0.96 percent, Westpac also did well, up 0.73 percent, the ANZ picked up 1.18 percent, while the National Australia Bank improved their position by 1.10 percent.
To mining, and BHP lifted by 1.43 percent, Rio Tinto also did well, up 1.73 percent, Fortescue grabbed a solid 1.71 percent gain, while Newcrest were unable to keep their run going, dropping 0.14 percent by the close.
In the oil and gas sector, Woodside Petroleum lost 0.34 percent, PNG-focussed Oil Search picked up 0.28 percent, while Santos lost a big 1.51 percent of value.
Grocery giant Woolworths did very well, gaining 1.53 percent, while rivals Wesfarmers recovered from an average start, to end the day up by 1.45 percent.
Telco giant telstra gained 1.35 percent, while airline Qantas soared 1.78 percent.
At 1635 local time AEST, one Australian dollar is buying 73.89 U.S. cents, crude oil is 47.84 U.S. dollars per barrel, while gold is trading at 1,263 U.S. dollars per ounce.
