SYDNEY, Nov. 7 (Xinhua) -- The Australian share market broke through the 6,000-point high mark on Tuesday, fueled by strong gains in energy and mining stocks as well as firm oil and iron ore prices.
At the close of trade, the benchmark S&P/ASX200 index was up 60.5 points, or 1.02 percent at 6,014.3 points, while the broader All Ordinaries index was up 60.2 points, or 1 percent at 6,087.4 points.
CMC Markets chief market analyst Ric Spooner told Xinhua that, breaking through the psychological 6,000-point level, one of the highest marks in almost a decade, was significant.
But he also gave a note of caution that it was common for markets to make "minor" breaks through these levels, particularly on "relatively quiet days" like Tuesday when the country's top horse-racing event, the Melbourne Cup, was being held.
The big banks ended higher, with ANZ rising 0.91 percent, Commonwealth Bank climbing 1.03 percent, National Australia Bank up 0.44 percent and Westpac edging up 0.28 percent.
The mining sector recorded significant gains, with industry giant BHP climbing 3.9 percent, rival Rio Tinto rising 2.06 percent, Fortescue Metals jumping 4.79 percent and Newcrest Mining gaining 1.58 percent.
The country's oil and gas producers also rallied, with Woodside Petroleum up 3.35 percent, Santos 3.7 percent higher, and Oil Search rising 2.89 percent.
Supermarket chain Wesfarmers gained 0.5 percent and rival Woolworths edged up 0.04 percent.
National carrier Qantas was down 1.16 percent, telecommunications giant Telstra slipped 0.57 percent and biomedical firm CSL lifted 1.1 percent.
