Industrials and big miners give market a push

The sharemarket raced to fresh highs thanks largely to the big mining stocks.
The ASX 200 edged closer to the 5000 mark, rising 31.6 points to 4977.9, eclipsing the previous closing high of 4956.7 set on February 1.
The All Ordinaries also reached new heights, climbing 29.5 points to 4936.7 and racing past the previous record of 4910.6 set on March 13.
Fat Prophets director Angus Geddes said the miners were the key.
"The big boost in the resource stocks has given the market a push and it has flowed through to the industrials as well," he said.
Mr Geddes said analysts were expecting to make profit upgrades for the big miners after the release of their quarterly production reports soon.
BHP Billiton closed 56c higher at $24.46 and Rio Tinto climbed $1.50 to $70.90.
Banks were mixed. Westpac rose 9c to $24.01 and Commonwealth Bank 31c to $44.47. National Australia Bank fell 26c to $36.15 and ANZ 1c to $26.02.
News Corp fell 9c to $24.08 whereas its non-voting stock was steady at $22.73.
Other media stocks, which got a boost this week from signs ownership laws could be relaxed, lost ground. PBL fell 5c to $17.40, John Fairfax 3c to $4.03 and Seven Network 3c to $9.37.
West Australian Newspapers rose 10c to $7.75. The publisher appointed Ken Steinke as chief executive and managing director, replacing Ian Law.
Cumminscorp closed at 15c. The environmental technology company debuted on par with its issue price of 20c and 2.35 million of its shares were turned over.
Industrial stocks moved higher. Rinker rose 68c to $19 and Brambles 16c to $10.46.
Rinker may benefit from product price increases reported by its rival, Vulcan Materials, said analysts at Credit Suisse Australia Equities.
Oil producer Santos tumbled 10c to $11.20 while Woodside Petroleum jumped 50c to $42.35 after announcing it had selected a site off the US coast to be used to transfer Australian liquefied natural gas to the mainland.
Symbion Health, formerly Mayne Group, slumped 26c to $3.18 after posting a first-half net loss of $54.8 million, compared to a net profit of $87.6 million previously. A loss of $133.4 million relating to the demerger of Mayne Pharma in November weighed on the result.
Babcock & Brown rose 64c to $17.78 as $403.7 million of employee shares were sold to investors. The shares sold are being released from escrow.
CTI Logistics, a freight and courier service, climbed 21c to $1.06. The company reported a 51 per cent jump in interim net profit to $1.7 million.
Woolworths rose 8c to $19.19 and Coles Myer 8c to $10.48.
Telstra was the top traded stock with 64.8 million shares worth $246.21 million changing hands as its shares fell 5c to $3.77.
Toll Holdings rose 26c to $13.62 and Patrick Corp dipped 3c to $7.93. The market is waiting for Toll's revamped takeover offer for Patrick.
Gold stocks were mixed. Newcrest rose 15c to $21.15 and Lihir Gold fell 2c to $2.26.