Industrial stocks advanced over 2% at midday Thursday, leading a broad-based rally.

The S&P/ASX 200 Index hit an intraday record of 9007.40 points, as all sectors of the Australian bourse traded in the green.

Sector heavyweight Brambles (ASX:BXB), which soared almost 11%, reaching an all-time high, reported fiscal 2025 earnings of $0.645 per share, up from $0.558 a year earlier.

Revenue for the 12 months ended June 30 was $6.67 billion, compared with $6.52 billion a year earlier. It will repurchase up to $400 million worth of shares in fiscal year 2026.