The Australian share market ended the week slightly better than expected after a stormy end on Thursday.
The benchmark ASX200 gained 60.1 points, or 0.76 per cent, to end at 7921.3 at Friday's close. Karoon Energy Ltd and Liontown Resources Ltd were the best performers on Friday, up 5.75 percent and 5.46 percent respectively.
The index has lost 0.63 percent over the past five days.
Ten of 11 sectors finished in the green, with mining posting the strongest gains at 1.4.
Iron ore miners Fortescue, BHP and Rio Tinto posted gains of between 1.0% and 2.75%.
Property and energy stocks also fared, with Woodside up 0.3 percent.
The only sector that hit the red was consumer goods.
The broader All Ordinaries index also gained 58.8 points, or 0.7 1.36, to end at 8153.10.
Top performers of the week include IRESS with a gain of 17.0 percent, Insignia Financial lifting 12.2 percent and Polynovo up 6.6 percent.
Meanwhile, at the opposite end of the index, Bellevue Gold was the worst stock of the week, losing 20.9 percent.
The poor performance comes as no surprise after Bellevue Gold shocked investors on Thursday with news that the Sydney-listed miner raised A$150 million through a placement in a bid to de-risk the company by shedding more than half its debt.
But Bellevue CEO and CEO Darren Stralow said it will also support accelerated exploration and growth and unlock non-project cash flow to enable the company's equity expansion plan.
“We are extremely pleased with the very strong support for the placement from our shareholders and new investors,” Mr Stralow said on Friday.
“With the improved financial flexibility we now have, our team will continue to focus on unlocking the capabilities and value of this specialty mining operation through material production growth and cost reductions to maximize free cash flow and returns to our shareholders.
“We are also excited about the opportunity to restart exploration at the Bellevue Gold Project after two years of very limited exploration during commissioning and ramp-up, with a number of highly prospective resource expansion opportunities.”
The Dow Jones gained 81 points, or 0.2 percent, while the S and P 500 lost 0.5 percent.
The tech-heavy Nasdaq fell again to end up 0.9 percent, a blow that continued a day after its biggest one-day percentage loss since 2022.
The Australian dollar was trading at 65.55c at the time of publication.
