Eight of 11 local sectors on the Australian share market have finished higher. -AAP Image
The local bourse has achieved a new record finish in a choppy start to the trading week, as investors continue to weigh company earnings against their valuations.
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The S&P/ASX200 edged 24.4 points, or 0.27 per cent, to a fresh record close of 8,963, as the broader All Ordinaries gained 24 points, or 0.26 per cent, to 9,236.1.
Eight of 11 local sectors finished higher, led by a 1.1 per cent rally in communications stocks as REA Group surged roughly four per cent after appointing Cameron McIntyre to replace exiting veteran CEO Owen Wilson.
Financials stocks helped boost the bourse with a 0.7 per cent gain, while the materials and energy sectors underperformed.
The Australian dollar has been grinding higher against the greenback to buy 65.19 US cents, up slightly from 65.07 on Friday at 5pm.
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