Australia stocks were apparently lower after the close on Friday, hurting the shares due to losses in the Gold, Materials, and Metal & Mining sectors.
Shares were pulled back because not of weak commodity price, but also it impacted the material stocks, causing a tempered rally in the healthcare sector, which was buoyed by an earnings upgrade from biotherapeutics firm CSL Ltd.
At the close in Sydney, the S&P/ASX 200 was 11.30 points or 0.19 percent lower at 6,083 by 0207 GMT. Currently, it closed at 0.14 percent.
The benchmark fell 0.2 percent on Thursday and is poised to end the week lower.
Meanwhile, the healthcare sector rose to an all-time high, helped by CSL, which soared as much as 5.6 percent to a record-high A$185.53.
The rally came after the biotherapeutics company said it expected full-year after-tax profit to be in the range of about $1.68 billion to $1.71 billion, higher than an earlier forecast of $1.55 -$1.60 billion, underpinned by a severe influenza season in the northern hemisphere.
The best performers of the session on the S&P/ASX 200 were Challenger Ltd, which rose 6.99 percent or 0.860 points to trade at 13.170 at the close.
Meanwhile, Eclipx Group Ltd added 4.82 percent or 0.160 points to end at 3.480 and CSL was up 4.16 percent or 7.31 points to 183.00 in late trade.
On the other hand, the worst performers of the session were NIB Holdings, which fell 5.20 percent or 0.305 points to trade at 5.555 at the close.
Galaxy Resources Ltd declined 4.45 percent 0.150 points to end at 3.220 and IPH Ltd was down 4.39 percent or 0.195 points to 4.245.
Falling stocks were more than the advancing ones on the Sydney Stock Exchange by 626 to 589 and 368 ended unchanged.
China’s iron ore and other steelmaking raw materials slipped for the second session on Thursday, while analysts said they expect softer demand in the coming months as the country shifts its focus from heavy industries to services.
In the financial sector, lender Australia and New Zealand Banking Group were higher while other three of the ‘Big Four’ fell between 0.7-0.9 percent.
Across the Tasman, New Zealand’s benchmark S&P/NZX 50 index rose 0.25 percent, or 21.53 points, to 8,624.91.
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