Local shares inch up as energy lifts, property drags

The Australian share market has managed to eke out a modest gain as investors absorbed Donald Trump's US election victory as well as a smattering of corporate updates.

At the close on Thursday the S&P/ASX 200 index had picked up 26.8 points, or 0.3 per cent, to 8226.3 points.

The broader All Ordinaries finished 25.6 points higher, or 0.3 per cent, at 8481.6.

The Australian dollar was buying 66.21 US cents, up from 65.40 US cents at Wednesday's close.