Australian shares notch new high as financials rebound

Seven of 11 sectors finished higher on the ASX, led by a 1.2 per cent rebound in financial stocks. (Steven Saphore/AAP PHOTOS)

Australia's share market has hit a fresh intraday record, but couldn't find the buyers to top its best close as the materials sector broke an eight-session hot streak.

The S&P/ASX200 hit 8,899.1 during the session, but finished 46.7 points higher, or up 0.53 per cent, to 8,873.8, as the broader All Ordinaries rose 46 points, or 0.51 per cent, to 9,149.1.