As it happened: See-sawing ASX closes at new three-month high

Summary

• The ASX rose 0.83 per cent for a new three-month high close of 5991. It rose as much as 1.7 per cent at the open before falling flat after lunch. 
• Energy stocks are weighing on the index as the outlook for oil prices softens. The materials sector is also underperforming on flat iron ore prices
• Afterpay set a fresh record intraday high of $53.15 before easing back. Qantas shares are up 7.3 per cent on news the airline will resume 40pc of domestic flights by the end of July
• US futures hint at losses on Wall Street tonight