Australian shares end volatile week on positive note

Australia’s share market finished the week higher as miners and banks helped lift the bourse amid hopes of progress on the US-Iran conflict.

By AAP & CBA Newsroom

22 May 2026

ASX board

Key points

  • ASX 200 ▲ 35.3 points, or 0.41%
  • All Ordinaries ▲ 36.4 points, or 0.41%

Market ends week higher

Australia's share market has ended the week higher, buoyed by optimism about a solution to the US-Iran conflict and a slightly less gloomy outlook for local interest rates.

The S&P/ASX200 rose 35.3 points on Friday, up 0.41 per cent to 8,657, as the broader All Ordinaries improved 36.4 points, or 0.41 per cent, to 8,877.2.

Miners and banks lift index

Miners and banks helped lift the bourse in the week's final session, with strong leads from Evolution Mining, South32 and PLS.

Australian dollar edges higher

The Australian dollar is buying 71.39 US cents, up from 71.13 US cents on Thursday at 5pm.

Newsroom

For the latest news and announcements from Commonwealth Bank.

Some of the content presented in this section has been provided by Australian Associated Press (AAP). Commonwealth Bank of Australia (CommBank) is not responsible for the accuracy, quality, reliability, or completeness of AAP information or any linked websites. This material is published for general information purposes only.