Australian shares finish financial year up 7.8 per cent

The benchmark index finished the day up 7.9 points, or 0.1 per cent, to 7,767.5, while the broader Ordinaries gained 11 points, or 0.14 per cent, to 8,013.8.

The price action was roughly the mirror image from Thursday, where the market recouped nearly all of its sharp losses in the afternoon.

For the week the ASX200 lost 0.4 per cent, to finish June up 0.9 per cent. It lost 1.6 per cent for the quarter, but is still up 2.3 per cent in 2024.

It closed out the financial year up 7.8 per cent - outperforming savings accounts, but underperforming other global indexes.

The Australian dollar was buying 66.34 US cents, from 66.67 US cents at Thursday's ASX close.