Market rally comes to an end Australian shares fell flat on the last day of trade in the financial year as cautious investors sold mining and insurance stocks. Australia's share market gained 17 per cent over the past year, but the final week of 2012/13 proved a roller coaster ride as global markets worried about an end to US stimulus measures. The local market plunged on Monday, rallied on Wednesday and Thursday, then lost momentum on Friday. Insurers were out of favour with investors, with AMP losing 14 cents to $4.25, QBE dropped 23 cents to $15.09, IAG shed seven cents to $5.44 and Suncorp closed 10 cents lower at $11.92. Miners also fell, with BHP Billiton losing 10 cents to $31.37, Fortescue dropped six cents to $3.04 and gold miner Newcrest shed three cents to $9.87. Rio Tinto was firmer though, adding 58 cents to $52.37. RBS Morgans senior private client adviser Bill Chatterton said the rise in big banks' share prices over the financial year showed stocks with high dividends were maintaining their favour. "Investors, they're quite cautious at the moment and they're still quite focused on yield," he said. The yield theme, which has been quite dominant, certainly in the last 12 months, I think that will continue. Three of the big four banks made gains on Friday, with Westpac putting on seven cents to $28.88, as ANZ added seven cents to $28.58 and Commonwealth Bank gained two cents to $69.18. NAB lost seven cents to $29.68. Elsewhere, Caltex shares fell heavily after the oil refiner and distributor forecast a weaker net profit. Its shares dropped by $2.42, or 11.8 per cent, to $18.05. Seven Group shares were also sold off as its heavy machinery dealer WesTrac announced 350 job cuts in response to challenging market conditions. Its shares ended at $6.90, down 23 cents. At the close on Friday, the benchmark S&P/ASX200 index was down 8.7 points, or 0.18 per cent, at 4,802.6. The broader All Ordinaries index was down 9.4 points, or 0.2 per cent, at 4,775.4. The September share price index futures contract was seven points lower at 4,767, with 28,821 contracts. The spot price of gold in Sydney finished at $US1,204.00, down $US35.43 from Thursday's close at $US1,239.43. National turnover was 2.02 billion securities worth $7.4 billion.