Stocks close in record territory
The Australian stock market closed in record territory today with the energy and resources sectors driving the bourse upwards following favourable commodity prices overnight.
At the close, the benchmark S&P/ASX200 index was up 47.7 points to a record 6345.1, while the all ordinaries gained 49.4 points to a record 6346.7 points.
At 4.20pm on the Sydney Futures Exchange, the June share price index contract was 68 points higher at 6372 on a volume of 15,587 contracts.
Austock Brokers senior client adviser Michael Heffernan said a strong lead from Wall Street, coupled with positive commodity prices helped propel the market into record territory.
"It was a very positive day on the market today, it started off with a bang,'' he said.
"We had a good lead from Wall Street, you had the trifecta going there with the Dow Jones, the Nasdaq and the S&P almost up one per cent.
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