Miners forge path as Aussie shares reset record

Eight of 11 local sectors closed higher, led by a 1.6 surge in the raw materials sector, which has rallied almost seven per cent in six sessions.

Consumer discretionary stocks sold off, down 1.7 per cent as JB Hi-Fi sunk eight per cent to $108.26 after its strong results were overshadowed by the earlier-than-expected exit of long-standing CEO Terry Smart.

The Australian dollar is buying 65.25 US cents, edging slightly lower from 65.20 on Friday at 5pm.