Australian share prices are expected to push into fresh record territory this week as the buoyant resources sector continues to drives the market, dealers said. The benchmark SP/ASX200 index closed the week up 1.06 percent or 45.3 points higher at a record 4,249.1, while the broader All Ordinaries finished up 46.5 points at 4,239.1 points. Macquarie Equities associate director Lucinda Chan said high commodity prices and the take-over battle for WMC Resources were pushing the market up.
"The resource sector is going to continue to drive the market next week, depending on commodity prices," Chan said.
"The fact is, Australia has a lot to gain out of strong commodities prices and many expect the outlook remains robust, particularly with strong demand for resources coming out of China, which does not look like slowing any time soon," she said.
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