Aussie shares pip record in modest end to historic week
Stocks seesawed in early trade before the market notched a positive finish to the week and month. -AAP Image
Australia's share market has reset its record close for a second time in as many days, despite a modest uptick to end the week.
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The S&P/ASX200 rose 23.3 points on Friday, up 0.25 per cent to 9,198.6, as the broader All Ordinaries gained 26.9 points, or 0.29 per cent, to 9,435.6.
It was a third straight week and month of gains for both indices, which have pipped several intraday and closing record highs since Monday.
Local equities have been buoyed by strong local earnings and a global rotation from tech stocks into commodities and miners, as investor appetites shifted from growth to finite resources.
The Australian dollar is buying 71.24 US cents, down nine US cents from Thursday at 5pm, looming near three-year highs as NAB and ANZ economists tip a Reserve Bank interest rate hike by May.
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