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The Australian share market is trading lower, with the energy and financial sectors the only two segments able to make any gains.

The benchmark S&P/ASX200 index was down 13.4 points, or 0.20 per cent, to 6,702.7 points at 1200 AEST on Friday, while the broader All Ordinaries was down 12.0 points, or 0.18 per cent, to 6,793.8.

The sharpest losses were recorded by the miners, with the heavyweight sector sliding 0.82 per cent.

BHP was down 0.82 per cent to $40.89 while Rio Tinto was down 1.30 per cent to $103.15 and Fortescue Metals fell by 1.14 per cent to $8.67.

The financial sector rebounded from an early dip to add 0.31 per cent by midday as all four of the big banks gained.

ANZ was up 0.20 per cent to $27.375, Commonwealth was up 0.73 per cent to $81.83, NAB was up 0.24 per cent to $27.185 and Westpac was up 0.39 per cent at $28.09.

Energy shares collectively advanced 0.27 per cent as Tropical Storm Barry forced US oil producers to cut about half of their output in the Gulf of Mexico.

Oil Search was up 2.94 per cent to $7.36 while Origin Energy was up 0.73 per cent to $7.575 and Beach Energy was up 0.52 per cent to $1.945.

Sydney Airport was down 1.36 per cent to $7.99 after it announced a management reshuffle.

Charter Hall was down 0.47 per cent to $11.695 after the property group confirmed it was buying Telstra’s global HQ tower in the Melbourne CBD for $830 million.

Noni-B was up 2.56 per cent to $2.80 after the fashion retailer said it was on track to meet its full-year guidance.

The Aussie dollar is buying 69.88 US cents from 69.74 US cents on Thursday.