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AAP
AAP
Business
Derek Rose

Australian shares hit record high on back of late rally

The local share market finished February up 0.2 per cent, its fourth straight month of gains. (Steven Saphore/AAP PHOTOS)

The local share market has staged a dramatic afternoon rally to preserve its monthly winning streak and hit an intraday record high.

The benchmark S&P/ASX200 index on Thursday rose as high as 7,703.8 at 4pm AEDT, eclipsing its previous intraday high of 7,703.6 from February 2.

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