On Friday's trade, the All Ordinaries finished up 75.74 points or 1.21 per cent.

On Tuesday, US President Donald Trump and North Korean leader Kim Jong-un held talks aimed at denuclearisation.

There was little news to come out of the historic summit, and investors turned to defensive stocks ahead of a rate decision by the US Federal Reserve on Thursday, followed by a European Central Bank meeting.

Wesfarmers, which owns retailers Coles, Kmart and Target, rose 1.3 per cent to $46.96 after completing the sale of hardware chain Homebase following its disastrous foray into the UK home improvement market. WES ended the week on $48.01.

On Wednesday, takeover target Atlas Iron added 5.9 per cent after Gina Rinehart's Hancock Prospecting took a near-20 per cent stake in the junior miner, just days after a similar move by Andrew Forrest's Fortescue Metals Group.

Atlas in April recommended that its shareholders back a $280 million takeover offer from Mineral Resources, whose shares were down 89 cents, or 5.1 per cent, to $16.40. AGO ended the week on $0.036.

Gas network operator APA Group soared $1.73, or 20.9 per cent, to $10.00. Australia's biggest gas pipeline company has received an indicative $13 billion takeover bid from a Chinese consortium led by CK Infrastructure Holdings. APA ended the week on $9.82.

In company news, goat milk infant formula maker, Bubs Australia (BUB) was placed in a trading halt with an announcement expected in relation to a capital raising.

At the close of weekly trading, the gold price finished at $1,282 per ounce, the WTI oil price traded at $64.19 a barrel, and the Australian dollar was worth US $0.74415.

In the US on Friday night, the Dow Jones finished down 84.83 points to end the week at 25,090.48.

The Share Price Index (SPI) finished unchanged at 6,100.00 points which should lead to a neutral start to Monday’s trade. ​