SYDNEY, AAP – Australia’s share market had a third consecutive week of gains after closing little changed on Friday.

An overnight fall in commodity prices caused shares in materials and energy to drop and offset gains in other categories.

Market giant BHP fell by more than two per cent.

The benchmark S&P/ASX200 index closed higher by 0.1 points, or zero per cent, to 7415.5.

The All Ordinaries closed down 1.7 points, or 0.02 per cent, to 7726.8.

For the week, the ASX200 improved by 0.73 per cent.

The Australian dollar was buying 74.76 US cents at 1619 AEDT, lower from 75.03 US cents at Thursday’s close.