Australia's sharemarket has ended the week on a high, supported by resurgent banks as a record-breaking run for materials stocks lost steam.
The S&P/ASX200 rose 42.2 points on Friday, up 0.48 per cent, to 8,903.9, as the broader All Ordinaries gained 42.5 points, or 0.46 per cent, to 9,226.7.
The Top 200 had its best week since November, up 2.1 per cent despite a multi-record-breaking run in raw materials stocks fading in the final session, with the heavyweight financials sector keeping the momentum going with a 1 per cent boost.
The Australian dollar is buying 67.06 US cents, up from 66.77 US cents on Thursday at 5pm.
