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AAP

Business

Derek Rose

Australian shares gain, enjoy second-best week of 2023

The energy and materials sectors have both risen almost two per cent on Friday. (Steven Saphore/AAP PHOTOS)

The Santa rally appears to be coming early this year, with the local bourse rising for a sixth straight day in its second-best week of the year.

The S&P/ASX200 index on Friday finished up 64.8 points, or 0.88 per cent, to 7,442.7, while the broader All Ordinaries rose 62.5 points, or 0.82 per cent, to 7,661.9.

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