Market Wrap / flat Friday

The local market took a pause from recent records during Friday’s trade, with the S&P/ASX 200 closing the session at 8436.20 points, down 0.10%.However it was a great month, with the market up more than 2% in November. Both AMP and ANZ pushed back their RBA rate call until May, while Goldman Sachs stuck with its February prediction, claiming that underlying inflation in Australia is not “materially higher than key G10 peers”. The banks fell, with ANZ losing around 1%, along with CBA and NAB. Meanwhile, the tech sector managed to stay flat. But fintech Findi lost 23.7% following its half-year results which left investors disappointed.  As it held its AGM, Paladin lost 2.1%, and was one the worst performers among the top 200 stocks on the index. Paladin Energy told shareholders it expects its Langer Heinrich Mine, which restarted production in March, to be at full capacity by the end of next year.Elsewhere, Ampol lost 1.5% as it tipped its 2024 capex will be $650 million following an update on operations at its Lytton refinery in Queensland.The miners did not manage to buoy the market, despite BHP gaining 1.2%. Elsewhere, Select Harvests posted a FY24 profit of $1.5 million, rebounding from last year's $114.7 million loss. The stock still lost 5.4% in a consumer staples sector that was in the red today. US markets will re-open with reduced hours over the Thanksgiving period. Next week, Australian 3Q GDP is due along October retail and building approvals data.