AU Evening Wrap: Commodity crunch sinks miners for fifth day

The share market suffered its biggest weekly loss since June as the heavily-weighted mining sector fell for a fifth day.

The $S&P/ASX 200 (.XJO.AU)$ seesawed in and out of positive territory before fading to a loss of 17 points or 0.25 per cent this afternoon.

Gains today in property, banking and healthcare stocks were outweighed by declines in commodity stocks.

Financials was the pick of the sectors after touching a five-week low yesterday. $Macquarie Group Ltd (MQG.AU)$ led with a rise of 1.58 per cent. $CommBank (CBA.AU)$ gained 0.94 per cent, $ANZ Group Holdings Ltd (ANZ.AU)$ 0.49 per cent, $National Australia Bank Ltd (NAB.AU)$ 0.79 per cent and $Westpac Banking Corp (WBC.AU)$ 0.8 per cent.

Real estate investment trusts trimmed a losing week. $GPT Group (GPT.AU)$ bounced 2.67 per cent, $Mirvac Group (MGR.AU)$ 1.46 per cent and $Charter Hall Retail REIT (CQR.AU)$ 1.73 per cent.

A pause in this week's rally in bond yields allowed room for recovery for select growth stocks. $Life360 Inc (360.AU)$ popped 5.56 per cent. $Clinuvel Pharmaceuticals Ltd (CUV.AU)$ gained 2.34 per cent.

Resource stocks spearheaded today's retreat. Among the heavyweights, $Fortescue Ltd (FMG.AU)$ fell 2.49 per cent. $Rio Tinto Ltd (RIO.AU)$ shed 2.52 per cent.

This week's fierce rally in uranium stocks ran into headwinds overnight. The $Global X Uranium ETF (URA.US)$ reversed 4.58 per cent.

Here, $Elevate Uranium Ltd (EL8.AU)$ slid 9.57 per cent, $Bannerman Energy Ltd (BMN.AU)$ 8.3 per cent and $Paladin Energy Ltd (PDN.AU)$ 6.55 per cent.