Eight of 11 local sectors closed higher, led by a 1.6 surge in the raw materials sector. -AAP Image
Australia's materials sector has posted a sixth straight session of gains, helping the local bourse hit a new intraday record.
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The S&P/ASX200 finished the day up 27.6 points, or 031 per cent, to 8,834.7, after tapping a new high of 8,852.3, as the broader All Ordinaries gained 30.4 points, or 0.33 per cent, to 9107.
Eight of 11 local sectors closed higher, led by a 1.6 surge in the raw materials sector, which has rallied almost seven per cent in six sessions.
Consumer discretionary stocks sold off, down 1.7 per cent as JB Hi-Fi sunk eight per cent to $108.26 after its strong results were overshadowed by the earlier-than-expected exit of long-standing CEO Terry Smart.
The Australian dollar is buying 65.25 US cents, edging slightly lower from 65.20 on Friday at 5pm.
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