Australia Market falls on profit booking

Australian equity market finished session lower on Friday, 28 July 2017, as investors elected to book gains made this week on caution ahead of upcoming earnings as well as second quarter US economic growth data. Most of sectors declined with financials and materials leading the losses on the Australian benchmark index. The S&P/ASX 200 index fell 1.4%, or 82.21 points to 5,702.8 at the close of trade. The benchmark closed down 0.4% for the week.

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