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The Market Wrap: Askari launches $1.5m rights issue to fund drilling at Ethiopian gold-copper project; Lightning Minerals appoints David Vilensky as chairman

Australian shares pushed higher today, with the S&P/ASX 200 rising 39.20 points, or 0.44%, to 8,985.10 — its strongest level in 20 days. Gains were led by DroneShield and DigiCo Infrastructure REIT, which jumped 12.36% and 12.27% respectively. Over the past week the benchmark has climbed 2.25% and now sits less than 1% below its 52-week high.

The broader small-cap index also tracked higher, with the S&P/ASX Small Ordinaries adding 40.90 points, or 1.08%, to close at 3,828.50. That lifted its five-day gain to 3.53%.