Australian shares end week flat amid retail volatility
The Australian share market finished the week down roughly a tenth of a percent after a choppy trading period, despite reaching a five-week high on Monday. Local retailers showed mixed results with Temple & Webster surging on improved trading conditions while Nick Scali rebounded from a 15 per cent drop. NextDC shares plummeted 40 per cent this week after slashing profit forecasts due to power supply delays at its Melbourne data centre, while Zip declined following a US fraud incident and rising bad debts. This market update is sponsored by CommSec.
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