Stockmarket hits a new high

The stockmarket closed at a record high yesterday as ANZ led a surge in banking stocks and the resources sector strengthened.
CMC Markets dealer Josh Whiting said it had been a strong day for the main forces in the market: the banks and miners.
"Metals markets overnight were just a little bit firmer," Mr Whiting said.
The ASX 200 index was up 37.4 points at 5389.7, surpassing the previous closing high of 5364.5 points set on May 11, 2006.
The All Ordinaries gained 35.9 points to 5360.6, beating the record close of 5324.7 points set on Wednesday.
The All Ordinaries also hit a new intra-day high of 5361.9 points, beating the previous record of 5352.1 set on May 10.
The ANZ lifted 33c to $28.75 as it said it had strong momentum going into fiscal 2007, after posting a record annual profit of $3.7 billion.
Among the other big banks, the Commonwealth strengthened 75c to $48.07, the NAB jumped 42c to $38.48, and Westpac rose 36c to $23.98.
Suncorp stopped losing value, closing up 17c at $20.80.
Global miner BHP Billiton, which holds its annual general meeting in London tonight, was 19c higher at $28.12. Rio Tinto was up 79c to $79.35.
Zinc and lead producer Zinifex rose 38c to $14.48 as it said tight supply and continuing strong demand suggested a very positive outlook for zinc prices.
Oil and gas producer Santos was up 27c at $10.78 as it said it was on track to deliver on its production target for the full year.
Woodside Petroleum was up 49c to $38.70.
In the golds, Newcrest nudged up 1c to $22.81 after saying it was considering local acquisitions while preparing itself for any possible takeover approaches.
Lihir was off 1c at $2.77 and Newmont up 11c at $5.86.
In the media sector, Publishing & BroadcastingLtd was 43c richer at $19.95 as PBL boss James Packer said the company had "minimal interest" in rival media player John Fairfax but continued to seek acquisitions.
Fairfax was 1c firmer at $4.95.
Trans-Tasman media group APN News & Media jumped 56c to $6.05 as it said it had been approached by Independent News & Media and a group of private equity firms but had not received a bid for the company.