Australian stocks end week in a rally

The Australian share market has ended the week in a rally after a volatile week of trading.

At the close on Friday, the S&P ASX/200 index was up 56.80 points, or 1.06 percent, at 5,431.3 points and the All Ordinaries was up 52.30 points, or 0.96 percent, at 5,518.6 Points.

CMC chief market analyst Ric Spooner told Xinhua the Australian share market made an moderate start at the beginning of the week but finished in a strong note in line with international markets.

"We have seen a global risk on move since the U.S. Federal Reserve Bank's meeting, that is applied assets classes, and the Australian share market has followed suit," Spooner said.

At the close, ANZ was up 1.32 percent, the National Australia Bank rose 1.74 percent, Westpac gained 1.27 percent, while the Commonwealth Bank of Australia increased 0.71 percent.

BHP Billiton climbed 1.17 percent, rival Rio Tinto jumped 1.73 percent while gold miner Newcrest was 1.93 percent lower.

Oil Search jumped 0.16 percent , Santos retreated 1.63 percent while Woodside Petroleum was 0.11 percent lower.

Wesfarmers advanced 0.11 percent while rival Woolworths surged 2.64 percent.

Qantas climbed 1.57 percent while telecommunication giant Telstra's was 1.96 percent higher at Friday's close. Endit