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Oct 28(Reuters) - Australian shares ended lower on Friday and capped their biggest weekly loss in four months, dragged down by financials, after profit warnings from AMP Ltd AMP.AX and Australia and New Zealand Banking Group ANZ.AX rattled market sentiment.
The S&P/ASX 200 index .AXJO fell for a third straight session to close 0.2 percent down at 5,283.8. The index was down 2.7 percent on the week.
The country's biggest retail wealth manager AMP fell 9.1 percent to its lowest in more than two years, after saying it would book $910 million in charges for the current financial year. fell 1.7 percent to a near two month low after saying it would record one-off charges of A$360 million. losses were offset by gains in energy and mining sectors, with the energy index .AXEJ snapping five sessions of losses to rise 1.6 percent,
The benchmark materials index .AXMJ rose 1.4 percent, recording its biggest intraday percentage gain in more than four weeks.
New Zealand's benchmark S&P/NZX 50 index .NZ50 closed down 0.2 percent, or 13.31 points, at 6,928.64. The index fell for a fourth consecutive week, down 0.4 percent.
Gains in healthcare stocks were negated by losses in materials and consumer discretionary stocks.
Retirement villages operators Ryman Healthcare Ltd RYM.NZ and Summerset Group Holdings SUM.NZ were among the leading gainers, ending more than 2 percent up.
Trade Me Group Ltd TME.NZ was the biggest drag on the index falling about 3.3 percent to its lowest in more than a week.