By Oliver Gray
Investing.com - The S&P/ASX 200 dropped 28.2 points or 0.4% to 6539.9 during Friday’s trading session, closing out the week 0.6% lower as falling commodity prices weighed on Energy and Materials companies.
Among stocks, Woodside Energy Ltd (ASX:WDS) fell 4.4%, Santos Ltd (ASX:STO) lost 2.8%, Beach Energy Ltd (ASX:BPT) dipped 1.2% and Viva Energy Group Ltd (ASX:VEA) declined 1.4% amid weaker crude oil prices.
Materials fell 2.1% as Iron ore and Copper prices dropped. Rio Tinto Ltd (ASX:RIO) fell 2.3%, BHP Billiton Ltd (ASX:BHP) lost 2.9%, Fortescue Metals Group Ltd (ASX:FMG) fell 3% and Champion Iron Ltd (ASX:CIA) lost 2.4%.
Meantime, Real estate companies lifted 1.5% collectively, with Mirvac Group (ASX:MGR) up 3.3%, Charter Hall Group (ASX:CHC) adding 1.9%, Goodman Group (ASX:GMG) up 2.2%, Stockland Corporation Ltd (ASX:SGP) up 1.9% and Scentre Group Ltd (ASX:SCG) adding 1.2%.
Industrials also improved 1.6% as Reece Ltd (ASX:REH) lifted 1.2%, Transurban Group (ASX:TCL) gained 0.8%, Brambles Ltd (ASX:BXB) lifted 3.2% and Atlas Arteria (ASX:ALX) added 0.5%.
On the bond markets, Australia 10-Year rates were at 3.6% while United States 10-Year yields were at 2.972%.
In New Zealand, the NZX 50 fell 1% to 10,753.2.