The benchmark S&P/ASX200 index on Monday finished up 28.1 points, or 0.33 per cent, to 8,542.3, while the broader All Ordinaries gained 29.4 points, or 0.34 per cent, to 8,773.0.
The ASX200 climbed 10.2 per cent over the course of the financial year - or just over 14 per cent on a gross return basis that includes dividends.
The benchmark index also rose 1.3 per cent during the month of June and 8.9 per cent for the June quarter - making the second quarter its best since a 13.3 per cent gain in the fourth quarter of 2020.
The ASX200 is also up 4.7 per cent so far in 2025 - 6.4 per cent including dividends. It's just 1.1 per cent below its all-time intraday high set on June 11.
Pepperstone head of research Chris Weston said while not everything went the bull's way last week, the momentum and trends seen in risk markets portrayed an almost nirvana environment in which to operate.
The S&P500 printed its fourth all-time high on Friday as did the Nasdaq 100 amid a rapid reduction to geopolitical risk premiums, talk of imminent trade deals with the United States and a dovish tilt by various Federal Reserve officials.
Seven of the ASX's 11 sectors finished higher on Monday, with materials, utilities and property lower and energy basically flat.
Health care was the biggest mover, rising 1.6 per cent as CSL added 2.2 per cent, Pro Medicus climbed 1.6 per cent and Regis Healthcare gained 2.8 per cent.
The big four banks were mixed, with CBA down 0.3 per cent to $184.75 and NAB up 0.3 per cent to $39.36, while ANZ and Westpac both dipped 0.1 per cent, to $29.16 and $33.86, respectively.
The material sector dropped 0.8 per cent after a strong performance on Friday, with BHP falling 2.1 per cent to $36.75, Fortescue declining 1.2 per cent to $15.28 and Rio Tinto retreating 1.7 per cent to $107.13.
James Hardie rose 7.6 per cent to $41.70 after shareholders in US-based AZEK Corporation approved its $US8.75 billion ($A14 billion) acquisition by James Hardie.
The Star fell 6.9 per cent to 13.5 cents as its Hong Kong joint venture partners threatened to walk away from a deal to purchase Star's half-stake in Brisbane's Wharf casino and hotel complex.
The Australian dollar was buying 65.44 US cents, from 65.50 US cents on Friday.
ON THE ASX:
* The benchmark S&P/ASX200 index finished Monday up 28.1 points, or 0.33 per cent, at 8,542.3
* The broader All Ordinaries gained 29.4 points, or 0.34 per cent, to 8,773.0
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 65.44 US cents, from 65.50 US cents at 5pm on Friday
* 94.16 Japanese yen, from 94.53 Japanese yen
* 55.72 euro cents, from 55.96 euro cents
* 47.65 British pence, from 47.69 pence
* 107.64 NZ cents, from 107.93 NZ centsÂ
