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Friday 05 February 1999 00:02 GMT

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THE BENCHMARK All-Ordinaries index rose 22.3 points to 2,940.5, its second record high in two days, amid optimism on corporate profits and economic growth.

Fosters Brewing rose 2 per cent amid expectations of a 9 per cent rise in profits when it reports first-half results on Monday. Telstra, the leading phone company, gained 1.8 per cent. Kerry Packer's media group, Publishing & Broadcasting, rose 8 per cent as it said it was mulling a part-sale of its Internet company, PBL Online, to the public.

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