SYDNEY, AAP – A four-day winning streak has come to an end on the ASX as the relief rally over the Omicron variant ebbed.

Enthusiasm appeared to dissipate on Thursday after expert views earlier in the week, that the coronavirus Omicron variant may not be more dangerous, prompted a rush on shares.

The benchmark S&P/ASX200 index closed down 20.9 points, or 0.28 per cent, to 7384.5 points.

The All Ordinaries closed lower by 17.8 points, or 0.23 per cent, to 7689.4 points.

The Australian dollar was buying 71.73 US cents at 1620 AEDT, higher from 71.30 US cents at Wednesday’s close.