Australia Market ends down

Australian share market ended down on last trading session of calendar year 2016 (Friday, 30 December 2016), pulled down by poor performances in financial and basic material stocks, but having their best quarter this year and their best yearly run since 2013. At the closing bell, the benchmark S&P/ASX 200 index declined 3.30 points, or 0.58%, to 5665.80, while the broader All Ordinaries index dropped 27.60 points, or 0.48%, to close at 5719.10. On the year, the Australian market gained 4.2%.

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