Sharemarket climbs higher and higher

The local sharemarket is continuing to post new records with the ASX200 up 60.5 points to 6738.3, beating Tuesday's 6677.82. The All Ordinaries index was 56.9 points higher, closing at 6744.6. Resource and bank stocks were again the big winners with BHP Billiton recording the largest gain of $1.02 to $45.50. In bank stocks the Commonwealth was up 92 cents to $58.80, NAB gained 29 cents to $41.80 and St George hit a new high of $37.91 after putting on 89 cents. Prices for the proposed merger partners of Bendigo Bank and Adelaide Bank were both up too, by 9 cents and 11 cents respectively.