Local shares soared to their highest level since August today. They also recorded their seventh consecutive week in the black in a rise driven by the banks and other high-yield businesses.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.3% to 5405 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.3% to 5469 points
  • AUD/USD at US 72.19 cents
  • Iron Ore at US$49.90 a tonne, according to the Metal Bulletin
  • Gold at US$1,218.18 an ounce
  • Brent oil at US$49.15 a barrel

Australia and New Zealand Banking Group (ASX: ANZ) was again the standout for the banks, lifting 1.2%. Westpac Banking Corp (ASX: WBC) shares also rose 0.8%.

Meanwhile, Telstra Corporation Ltd (ASX: TLS) gained 0.2%, Wesfarmers Ltd (ASX: WES) recovered 1.9%, and Medibank Private Ltd (ASX: MPL) lifted 1.9%.

The miners didn’t perform so strongly. Rio Tinto Limited (ASX: RIO) fell 1.4%, while South32 Ltd (ASX: S32) dropped 0.9%.

Myer Holdings Ltd (ASX: MYR) was one of the worst for the day, falling 3.1%. Aconex Limited (ASX: ACX), on the other hand, rose 2.9% after another analyst upgrade.

Here are Friday’s top stories:

  1. Broker names 3 stocks to buy, and 2 to sell
  2. 3 dividend shares to boost your retirement portfolio
  3. How much higher can Cochlear Limited and CSL Limited shares go?
  4. Why Appen Limited shares are going gangbusters
  5. Broker slaps $95.60 price target on Macquarie Group Ltd
  6. Is it time to sell Wesfarmers Ltd?
  7. 3 reasons you should sell Woolworths Limited shares

Why These 3 Blue Chip Shares Look Set to Soar in 2016

Discover The Motley Fool's top 3 blue chips for 2016. These 3 'new breed' shares pay fully franked dividends AND offer the very real prospect of significant capital appreciation. Simply click here to gain access to this comprehensive FREE investment report.

No credit card required.

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.