The Australian share market has closed flat, with a lacklustre performance from the big banks dragging on the broader market.

At the close on Friday, the benchmark S&P/ASX200 index was 2.4 points, or 0.04 per cent, higher at 5,664.7, while the broader All Ordinaries index was up 4.6 points, or 0.08 per cent, at 5,668.2, according to preliminary figures.

On the ASX 24, the June share price index futures contract was eight points higher at 5,674, with 14,018 contracts traded.