Australian shares are set to open marginally higher on Monday, taking cues from a strong Wall Street finish, while local miners and energy stocks are set to gain from higher commodity prices.

The local share price index futures rose nearly 0.1%, a 4.6-point premium to the underlying S&P/ASX 200 index close.

The benchmark surged to a record high for a third straight session on Friday.

Markets in New Zealand were closed for a holiday.