Australian shares rallying -- ASX through 5700

Photo: William West/ AFP/ Getty Images.

Australian shares rallied in the first trading session of the new year.

The ASX200 hit the 5700 point mark for the first time since August 2015. At the close, the index was at 5,733.20, up 67.41 or 1.19%.

All sectors added weight with both the major banks and big miners finding a bid.

The ANZ was up 1.7% to $30.94 after announcing the sale of its 20% stake in Shanghai Rural Commercial Bank for $1.838 billion.

BHP added 1.6% to $25.46 while Rio Tinto was up 1.8% to $60.98 and Woodside Petroleum 1.25% to $31.55.

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