All Ordinaries index closes at record high

All Ordinaries index closes at record high

Australia’s All Ordinaries index has closed at a record high of 6,862.4 points — about nine points above its previous record from 1 November 2007.

The local market has received a boost on the back of strong performances on Wall Street and a lower Australian dollar, which is hovering just below 70 US cents.

However, the All Ordinaries stopped shy of breaking its intra-day record of 6,873.2 points, which was also set on 1 November 2007.

Every sector except mining saw a jump, with the strongest performances being among technology, telcos and financials.

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