SYDNEY, AAP – Shares on the ASX have had their worst week since January and are on a five-day losing streak.
The market lost 2.2 per cent for the week after shares closed little changed on Friday.
Investors continued moving away from economically-sensitive shares as the global economy slows and coronavirus outbreaks cause uncertainty.
Consumer staples, which includes the supermarkets, proved one of the best categories and rose 1.2 per cent for the day.
The benchmark S&P/ASX200 index closed lower by 3.7 points, or 0.05 per cent, to 7460.9.
The All Ordinaries closed down 10.2 points, or 0.13 per cent, to 7725.1.
The Australian dollar was buying 71.32 US cents at 1618 AEST, lower than 71.89 US cents at Thursday’s close.