Seven of 11 sectors finished higher on the ASX, led by a 1.2 per cent rebound in financial stocks. -AAP Image
Australia's share market has hit a fresh intraday record, but couldn't find the buyers to top its best close, as the materials sector broke an eight-session hot streak.
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The S&P/ASX200 hit 8,899.1 during the session, but finished 39.6 points, or 0.45 per cent higher, to 8,866.7, as the broader All Ordinaries rose 39.4 points, or 0.43 per cent, to 9,142.5.
Seven of 11 local sectors finished higher, led by a 1.2 per cent rebound in financials as they recovered from Wednesday's CBA sell-off, and a rally in utilities stocks after Origin soared almost six per cent on strong earnings.
Raw materials finished in the red for the first time since August 1, as iron ore prices rolled over and weighed on large cap miners.
The Australian dollar is buying 65.49 US cents, up from 64.32 US cents on Wednesday at 5pm.
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