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ASX 200 on longest weekly losing streak since GFC; Kelsian dives after raising, Woodside leads energy gains

Shares end higher on energy, but fall for a sixth week - the longest since 2008. Westpac tips April pause. Kelsian dives after US buy raising. Link sells BCM for $48m.

David Rogers, Valerina Changarathil, Hayden Johnson and Matt Bell

Fears about a global banking crisis have somewhat abated, but rising interest rates are keeping investors on their toes. Picture: Gaye Gerard

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6:45AMMarch 17, 2023.

Updated 5:19PMMarch 17, 2023

The Australian Business Network

Welcome to the Trading Day blog for Friday, March 17. The Australian sharemarket ended the week higher after Wall Street rebounded as nearly a dozen banks moved to shore up embattled First Republic Bank.

The S&P/ASX 200 index rose 0.4 per cent to 6994.80. For the week, the index fell 2.1 per cent.

On Wall Street, the S&P 500 added 1.8 per cent, the Dow Jones rose 1.2 per cent and the Nasdaq surged 2.5 per cent.

The dollar was near US67.10c at the close.