Australian shares hit a new intraday record, with gains supported by easing oil prices and improving market confidence, according to reports. Both outlets say the local market rises to a fresh peak during the session, but momentum slows as traders take profits after the high point. The coverage attributes the early strength to softer oil prices, which can reduce costs and improve sentiment across parts of the economy, alongside signs of growing confidence among investors. After the intraday high, profit-taking limits further upside, leading to more subdued trading compared with earlier in the day. The reports do not cite specific index moves or company-level developments, focusing instead on the broader market drivers and the shift from strong gains to consolidation near the peak. Overall, the two sources present the same picture: record-setting intraday performance, then resistance as sellers emerge at higher levels.