The S&P/ASX200 finished at a record high of 6550.
7, up 56.7 points or 0.87%.
So far this week the S&P/ASX200 has made records every day this week, including record highs as well as record closes.
Head of Fundamental Analysis of Hubb Financial Julia Lee has told SBS World News Australia Online, since the low on August 15, the S&P/ASX200 has increased 13% and the All Ordinaries Index climbed by 12.9%.
Meantime on the Sydney Futures Exchange, at 1615 AEST, the December share price index contract was up 50 points to 6597, on a volume of 22,514 contracts.
Among the major banks, the National Australia Bank was up 78 cents at $39.79, Westpac put on 39 cents to $28.19, and ANZ lifted 49 cents to $29.41.
The Commonwealth Bank improved 38 cents to $56.82 as it said it would open its doors to customers on Sundays at selected branches from October 14 in Victoria, South Australia and Queensland.
In the resources sector, global miner BHP Billiton was 36 cents higher at $43.52 as it eyed duplicating its railway in the Pilbara region of Western Australia as part of a $US20 billion ($A22.85 billion) expansion of the division.
Rio Tinto climbed $1.45 to $107.45.
Rio Tinto subsidiary Energy Resources of Australia surged $1.13 to $18.45 as ERA extended mining at its Ranger uranium mine in the Northern Territory until 2012 and increased the production outlook.
Oil and gas producer Woodside Petroleum ascended 23 cents to $48.92.
Woodside decided to sell its troubled Mauritania assets to Malaysian-government owned Petroliam Nasional Berhad.
Santos improved by 25 cents, finishing the day at $15.00.
On Wall Street overnight, the Dow Jones industrial average lifted 99.50 points to 13,878.15.