Shares dip again to finish week down 1.7 pct

An ASX indicator board (file image)
The Australian market has recorded its third week of losses in the past four weeks. -AAP Image

The Australian sharemarket has finished modestly lower, losing ground for a third day out of the past four sessions - and for a third week out of the four weeks.

The benchmark S&P/ASX200 index on Friday finished 25.4 points, or 0.33 per cent, lower at 7,724.3, giving back the bulk of Thursday's gains.

For the week, the ASX200 lost 135.7 points, or 1.73 per cent, after last week gaining 158 points, or 2.06 per cent.

The broader All Ordinaries on Friday finished down 27.7 points, or 0.35 per cent, at 7,974.8.

The Australian dollar was buying 66.18 US cents, from 66.45 US cents at Thursday's ASX close.