Technology, bank stocks buoy ASX; Wall Street braces for inflation report

Technology, banking and healthcare stocks kept the Australian sharemarket afloat on Friday as it lost almost all of its morning momentum.

De Grey Mining shares finished the trading session 4.6 per cent higher, while Suncorp Group climbed 3.6 per cent after Treasurer Jim Chalmers gave his blessing to ANZ to take over the Brisbane-based financial services group. ANZ shares dipped 0.2 per cent. Gourmet food company Maggie Beer issued a trading update that flagged lower gross margins and second half earnings that sent its share price down 4.6 per cent.

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