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AAP
AAP
Business
Derek Rose

Aust shares gain again, close just under key level

United States Australia Australian Dollar
The local share market finished at a two and a half week high ahead of Tuesday's RBA decision. (Dan Himbrechts/AAP PHOTOS)

The local share market has climbed for a fifth straight day of gains, finishing just under the crucial 7,000 level ahead of Tuesday's Reserve Bank decision on rate hikes. 

The benchmark index on Monday closed 19.2 points higher at 6,997.4, a 0.28 per cent rise, while the broader All Ordinaries gained 17.2 points, or 0.24 per cent, to 7,192.3.

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