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Australian share market’s benchmark index hits all-time high

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The Australian share market has opened higher, with every sector joining an early rally, as the ASX200 broke through its intra-day all-time high set in November 2007. 9News

The benchmark S&P/ASX200 index was up 44.1 points, or 0.65 per cent, to 6,869.9 points at 1015 AEST on Tuesday, while the broader All Ordinaries was up 42.4 points, or 0.61 per cent, to 6,953.8 points.

Telecommunications and utilities shares were the highest climbers, adding 1.44 per cent and 1.18 per cent respectively.The financial sector had the smallest advance, collectively gaining 0.33 per cent. It follows a mixed session on Wall Street overnight, with the Dow Jones Industrial Average finishing up 0.11 per cent, the S&P 500 down 0.16 per cent and the tech-heavy Nasdaq Composite down 0.44 per cent.

The Australian Bureau of Statistics will publish data on building approvals for June at 1130 AEST on Tuesday.

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