Shares fall as benchmark books strongest annual gain in two years

Australian shares sank on the final trading day of 2023 on Friday, but closed the year up 7.8 per cent — the best annual performance since 2021. The benchmark index, the S & P ASX 200 fell 0.3 per cent, or 23.5 points, to 7,590.8 at the closing bell, ending a two-day rally. The broader All Ordinaries also slipped, falling 0.3 per cent, to 7,829.5. KCM Trade chief market analyst Tim Waterer said the share market had capped off the year with a “pretty unspectacular” session, with profit taking being the order of the day. “The market has enjoyed a solid run during December with gains over 7 per cent, so investors were looking to lock…