ASX 200 LIVE: Shares gain; pay strike for Kogan; WiseTech cuts earnings guidance; Lovisa misses consensus; Megaport’s hiring plan disappoints; CBA scales new top; a2 Milk flags first dividend.

A rally in oil prices on fears of an escalation in the Ukraine-Russia conflict pushed energy stocks higher, sending the Australian sharemarket to a fresh closing high on Friday. The S&P/ASX 200 jumped 0.9 per cent, or 70.8 points, to 8393.8 at the closing bell, resetting Tuesday’s record of 8374. The index climbed 1.3 per cent this week. The All Ords rose 0.8 per cent. Of the 11 sectors, only technology fell. That was largely driven by a 12.

Newmont is the world’s biggest gold producer, which last year acquired Australia’s Newcrest. Gold drew support from bitcoin’s surge towards $US100,000. The world’s largest cryptocurrency on Friday topped $US99,000 for the first time on news current US Securities and Exchange Commission chairman Gary Gensler plans to step down on January 20, the day Trump is inaugurated. In other commodities, index-heavy BHP advanced 0.4 per cent to $40.16, Rio Tinto added 0.6 per cent to $117.

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WiseTech founder Richard White to stand down as CEO of global tech company amid allegations7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
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WiseTech Global billionaire CEO Richard White steps down as company rocked by allegations of secret affairsThe Australian founder has seen his reputation and fortune hammered by claims including sex in exchange for investment and houses bought for lovers
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