Morning gains faded on the last trading day of the financial year, ahead of a US inflation report. -AAP Image
The local share market has finished the last day of the financial year barely in the green, with its morning gains fading ahead of another US inflation report and amid uncertainty about Joe Biden's political future.
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The S&P/ASX200 had been up by as much as many as 59.4 points, or 0.7 per cent, around lunchtime on Friday, but faded into the close.
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.
