ASX falls 0.5pct, but gains for 4th week

ASX
Just three of the ASX's sectors closed in the green, with energy up 2.3 per cent. -AAP Image

The local bourse has given up some of this week's gains despite strength from the energy sector, but still managed to finish in the green for a fourth week in a row.

The benchmark S&P/ASX200 index on Friday finished down 38.5 points, or 0.54 per cent, to 7032.5, while the broader All Ordinaries lost 36.6 points, or 0.5 per cent, to 7288.8.

For the week, the ASX200 closed up 16.9 points, or 0.24 per cent.

Meanwhile, the Australian dollar was buying 71.16 US cents, from 70.90 US cents on Thursday.