ASX Round-Up: Exchange Down for the Week at 5,454.3 Points

The S&P/ASX 200 (INDEXASX:XJO) rose 11.6 points, or 0.2 percent, to hit 5,454.3 points on Friday. As a result, it ended a four-day losing streak, but still lost 94.8 points, or 1.7 percent, for the week, as per The Sydney Morning Herald.

“It’s hard to really find the impetus to drive it higher in the short term,” Sean Fenton, senior fund manager at Tribeca Investment Partners, told the Herald. “We’ve still got the domestic economy looking a little foggy. The only thing that provides material upside to the market is currency probably still has a far bit left to fall, but that process in itself, whilst it’s falling, can actually weigh on the market a bit.”

Some resource and energy companies fared well despite the market’s fall, including Paladin Energy (ASX:PDN), a uranium company that rose 5 percent, or $0.02, to trade at $0.42. Gold producer Northern Star Resources (ASX:NST) also performed well, gaining 3.35 percent, or $0.035, to trade at $1.08.

That said, many energy stocks had a difficult week due in part to a sharp fall in oil prices. For instance, oil and natural gas company Sundance Energy (ASX:SEA) fell 12.56 percent, or $0.135, to trade at $0.94. Similarly, Senex Energy (ASX:SXY), another oil and gas producer, lost 8.05 percent, or $0.035, to trade at $0.04.