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AAP
AAP
Business
Derek Rose

Australian shares hit highest level in 20 months

The local share market has soared to its highest level in 20 months with gains across the board. (Steven Saphore/AAP PHOTOS)

Christmas may be over but the Santa rally isn't done, after the local share market soared to finish at its highest level in 20 months with gains across the board.

The benchmark S&P/ASX200 index on Wednesday closed up 59.6 points, or 0.79 per cent, to 7,561.2, while the broader All Ordinaries gained 66.5 points, or 0.86 per cent, to 7,796.7.

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