The Australian share market surprised with a modest move higher on Friday, despite a negative lead from Wall Street.
The benchmark S&P/ASX200 index closed up 21.3 points, or 0.33 per cent, to 6,523.1 points, while the broader All Ordinaries finished up 21.3 points, or 0.32 per cent, to 6,614.3 points.
Investors were buying defensive shares ahead of a key speech later on Friday by US Federal Reserve chairman Jerome Powell.
The property sector was up 2.5 per cent and the telecom sector up 1.0 per cent.
Goodman Group climbed 4.4 per cent to a seven week high of $15.50, leading the property shares higher, after the warehouse and logistics centre owner reported its statutory profit was up 48 per cent.
Elsewhere in the sector, Dexus rose 3.0 per cent, Stockland was up 2.8 per cent and Mirvac climbed 2.6 per cent.
Among telecom shares, Telstra climbed 1.4 per cent to $3.74 while Spark New Zealand was up 2.8 per cent to a 13-year high of $4.10.
Diversified miner South32 dropped for a third day, by 6.5 per cent to a fresh three-year low of $2.46 following Thursday's earnings results.
Lithium miner Pilbara Minerals was down 7.2 per cent to a two-year low of 38.5 cents after reporting its a full-year loss of $28.9 million, up from $19.4 million.
BHP was up 0.6 per cent to $35.42, Rio Tinto gained 0.9 per cent to $85 and Fortescue gained 2.9 per cent to $7.57 after the price of iron ore rose 2.5 per cent to $US82.75.
Gold miners were under pressure after the price of the precious metal dropped back below $US1,500, with Newcrest and Evolution both down 1.0 per cent and Northern Star down 1.6 per cent.
NAB dropped 0.2 per cent to $27.34 after the Australian Securities and Investments Commission said it would take Australia's fourth-largest bank to court over its home loan "introducer" scheme.
The other big four banks were higher, with ANZ climbing 0.2 per cent to $26.64, Westpac up 0.2 per cent to $27.81 and Commonwealth up 0.4 per cent to $77.40.
Energy shares were higher after the price of Brent crude climbed back above $US60, with Santos rising 1.6 per cent and Oil Search up 0.8 per cent.
Costa Group plunged 16.4 per cent to a two and a half year low of $3.17 after the fruit and vegetable grower said its earnings had been marred by low mushroom demand, poor raspberry quality, citrus water costs and fruit fly.
BWX shot up 28.8 per cent to hit a nine-month high of $3 after the trouble skincare company met its earnings guidance, with traders who had bet the stock would fall apparently forced to buy shares to close out their positions in what's called a short squeeze.
The ASX200 finished the week up 117.5 points, or 1.8 per cent, following three weeks of declines.