SYDNEY, AAP – A third consecutive week of losses means the Australian share market’s 11-month run of gains is poised to end.

Mining giants were largely responsibly for modest losses on Friday as the market bucked a positive US lead.

The benchmark S&P/ASX200 index closed lower by 27.6 points, or 0.37 per cent, to 7342.6.

The All Ordinaries closed lower by 32 points, or 0.42 per cent, to 7649.3.

The market lost 0.83 per cent for the week.

The ASX 200 is lower by 2.55 per cent in September and has only four trading days remaining.

The Australian dollar was buying 72.96 US cents at 1621 AEST, higher from 72.43 US cents at Thursday’s close.