ASX closes higher but ends the week down 1pc

Australian shares ended Friday’s session higher but a steep sell-off in Mesoblast, Block and ResMed capped gains.

Healthcare stocks posted the biggest loss, down 1.2 per cent, but a late bounce from tech and energy offset the damage. The S&P/ASX 200 Index edged up 0.2 per cent, or 13.7 points, to 77325.4 to post a weekly loss of 1 per cent after heavier losses mid-week. The All Ordinaries finished up 0.2 per cent higher at 7535.9.