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The ASX 200 index closed within a whisker of 5700 points on the penultimate trading day of the year.

ASX clocks new 2016 high

Gains in resources and banks saw the ASX reverse early losses to hit a new high on 2016's second to last trading day.

Shares have retreated from their 2016 high, but remain on course to record a solid year.

ASX retreats from 2016 highs

Shares dipped in early trading as investors trim their holdings in the major banks and a host of listed trusts trade without the rights to their distributions.

Peter Hall's resignation is a shock to his supporters.

Peter Hall in shock exit from Hunter Hall

Fund manager Peter Hall appears to have dusted a chunk of his significant personal fortune with his abrupt departure from the $1 billion-plus asset manager that bears his name.

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