The Australian share market has finally beaten its record high set nearly 12 years ago, prior to the global financial crisis.
By 10:45am (AEST), the ASX 200 lifted 0.6 per cent to 6,863 points — eclipsing its previous intraday (6,851.5) and closing high (6,828.7), set on November 1, 2007.
It covers the top 200 companies on the Australian share market and is considered the benchmark index.
The benchmark stock index briefly hit its 12-year closing record of 6,828.7 on Monday afternoon, but was unable to hold onto those gains until the close of trade.
Nearly every sector is posting gains, led by telecommunications (+2pc), health care (+1.1pc) and utilities (+1pc).
TPG Telecom (+5.7pc), Nine Entertainment (+2.7pc) and Telstra (+2.3pc) are among the best performing stocks.
On the flipside, NIB (-2.2pc), Lynas Corporation (-1.5pc), Medibank Private (-1pc) and AMP (-0.6pc) are some of the worst performers.
Meanwhile, the broader and older All Ordinaries index already reached a record high last week, also recovering to levels not seen since before the global financial crisis smashed stock prices around the world.
The All Ords was trading 0.6 per cent higher at 6,948 points by 10:45am.
The Australian dollar was buying 69.03 US cents.
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