At noon AEDT on Friday, the benchmark S&P/ASX200 had slipped 1.3 points, or 0.02 per cent, to 7,770.7, while the broader All Ordinaries had dropped 0.6 points, or 0.01 per cent, to 8,011.5.
With a few hours of trading left, the ASX200 was on track to finish the week up 0.6 per cent, after dropping 1.7 per cent last week.
With six full trading days left in June, IG market analyst Tony Sycamore believes the ASX200 will continue to trend sideways before making a move towards 8,000 in the new financial year.
Investors end the week with eyes trained on domestic consumer price index data set to be released on Wednesday.
Booktopia remained frozen on the ASX as the online bookseller sought to extend its voluntary suspension due to continued financial insecurities.
The company continues to seek support from suppliers, existing shareholders and other potential funding sources, secretary Alistair Clarkson said in an extension request.
"Indicative interest has been provided from some of these parties and they are currently undertaking due diligence ... to determine if support will be forthcoming (which) ... is necessary for the company's continued financial viability," he said.
Supermarket giants continued the rivalry on the ASX after data on Thursday showed prices were better at Woolworths, which jumped 2.2 per cent, than at Coles, which slipped 0.5 per cent.
A report by consumer group Choice found Woolworths was slightly cheaper than its counterpart, though the privately owned German underdog ALDI was the winner for cheaper costs at the register.
Treasury Wine Estate rose 1.0 per cent after the luxury wine company announced on Thursday they planned to uncork a Chinese market following the country's new outlook on trade with Australia.
CBA was leading the four big banks lower, dropping 1.2 per cent, while NAB fell 1 per cent, Westpac lost 0.9 per cent, and ANZ was down 0.8 per cent.
Goldminers struck green in an otherwise mediocre materials sector, with Capricorn Metals climbing 3 per cent, and Evolution up 2.6 per cent.
Nickel and lithium were down, with IGO sinking 6.3 per cent, and Pilbara and Liontown Resources down more than 3.7 per cent.
One Australian dollar was buying 66.56 US cents at midday, a slight decline from 66.70 US cents at Thursday's ASX close.
20°C