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ASX's miners bounce back with best week since 2015

Derek RoseAAP
The mining sector has boosted the local sharemarket to a record high. (Kim Christian/AAP PHOTOS)
Camera IconThe mining sector has boosted the local sharemarket to a record high. (Kim Christian/AAP PHOTOS) Credit: AAP

The local bourse has finished slightly up to close at a fresh all-time high, boosted by strong gains from the mining sector, which enjoyed its best week in nearly nine years.

But there were losses elsewhere, including from the big banks, and embattled casino operator Star Entertainment plunged nearly in half after it resumed trading after a month-long suspension.

The benchmark S&P/ASX200 index ended Friday up 8.5 points, or 0.1 per cent, at an all-time closing high of 8,212.2, while the broader All Ordinaries gained 14 points, or 0.17 per cent, to 8,476.8

The ASX200 finished the week up slightly higher, the month up 1.5 per cent and the September quarter up 5.7 per cent - its result since the fourth quarter of 2023.

The mining sector rose 2.8 per cent on Friday and 9.4 per cent for the week, its best weekly performance since a 10.3 per cent gain in October 2015.

The Australian dollar was buying 68.82 US cents, from 68.67 US cents at Thursday's ASX close.

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