Market climbs beyond 5000

The sharemarket finished back above 5000 points on the benchmark index and back in record territory despite falls on Wall Street overnight.
ABN Amro Morgan client adviser Margaret Morrissey said the market put its foot on the accelerator in afternoon trading. "There is a lot of money out there in superannuation funds looking for a home," she said.
The S&P/ASX 200 Index ended 22.1 points higher at a record 5013.4 and above Monday's close of 5000.4.
National Australia Bank led much of the banking sector higher with a 55¢ gain to $36.55, while Commonwealth rose 20¢ to $44.55 and ANZ firmed 4¢ to $26.05. Westpac slipped 1¢ to $24.03.
Oil and gas producer Woodside Petroleum soared 98¢ to $43.00 after naming another buyer of liquefied natural gas from its Pluto gas field off the Western Australian coast. The spot crude oil price edged up US15¢ to $US60.57 a barrel in New York.
But market leader BHP Billiton backtracked 14¢ to $25.18 as Rio Tinto gave up 9¢ to $72.99.
The media sector gained, with Publishing and Broadcasting Ltd rising 18¢ to $17.89, Seven Network up 14¢ at $9.71 and Ten Network moving up 4¢ to $3.18.
Fairfax was 7¢ stronger at $4.05 as News Corp's
non-voting scrip gained 1¢ to $22.90 and the voting scrip put on 8¢ to $24.28.
Telstra rose 3¢ to $3.69 while Optus owner SingTel was unchanged at $2.27.
Ms Morrissey said profit-takers cashed out of David Jones, sending the shares
down 9¢ to $2.95 after the retailer reported a 14.7 per cent lift to a record first-half net profit of $54.49 million.
Woolworths picked up 13¢ to $19.38 while Coles Myer firmed 4¢ to $10.44.
Transport group Toll, which yesterday made a higher
cash-and-scrip bid for stevedore Patrick Corp equating to $7.52 a share, shot up 27¢ to $14.05. Patrick rose 3¢ to $8.06.
Gold stocks were mixed, with Newcrest 21¢ richer at $21, Newmont easing 1¢ to $6.77 and Lihir losing 1¢ to $2.31. The price of gold was down US90¢ an ounce at $US552.85 at the close of Sydney trade.
The most traded stock by volume was IC2 Global, with 55.20 million shares changing hands for $165,460. The stock was steady at 0.3¢.
National market turnover was 1.26 billion shares worth $3.90 billion, with 570 stocks up, 496 down and 333 unchanged.
In the US, the Dow Jones Industrial Average ended the day down 39.06 points at 11,235.47, the S&P 500 Index lost 7.85 points to 1297.23 and the Nasdaq Composite fell 19.88 points to 2294.23.