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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