On Friday's trade the All Ordinaries finished up 7.26 points or 0.13 per cent.   

On Monday, the Australian market surged higher, thrilled by an announcement from retail giant Woolworths to implement a new operating model.

Local stocks continued the momentum throughout the day, to close well above the flat-line.

There were mixed results from the sectors; health care and consumer staples posted the biggest gains while energy and materials lagged behind the rest.

The Australian dollar appreciated against most major currencies.

On Tuesday, Westpac Banking Corporation announced that it is making an offer of up to NZ$250m of unsecured, subordinated, fixed rate notes with the ability to accept unlimited oversubscriptions.

The Notes have a term of 10 years and are scheduled to be repaid on September 1, 2026.

However, at the company's option and subject to certain conditions, including the prior written approval of the Australian Prudential Regulation Authority, the Notes may be repaid from September 1, 2021 or earlier in some circumstances.

On Wednesday, Fortescue Metals Group announced that it has released its June 2016 quarterly production results, reporting shipments of 43.4Mt of iron ore with cash production costs  of US$14.31 per wmt, a reduction of three per cent compared to the March 2016 quarter and 35 per cent over the prior 12 months.

Fortescue soared 29 cents to $4.41.

On Thursday, Macquarie Group provided 2016 AGM and first quarter FY17 update. The Company's financial position comfortably exceed regulatory requirements

Macquarie gained $1.00 to $74.80.

At the close of weekly trading, the gold price finished at $1,357.50 per ounce, the WTI oil price traded at $41.60 a barrel, and the Australian dollar was worth US $0.76.

The US Dow Jones finished the week down 24.11 points.