Most of ASX sectors advanced, led by shares of tech, materials, and consumer discretionary issues. Energy stocks were weak amid tumbling crude oil prices.
At closing bell, the benchmark S&P/ASX200 index was up 22.84 points, or 0.32%, to 7,122.50. The broader All Ordinaries index advanced 24.02 points, or 0.33%, to 7,312.30.
The top performing stocks in the S&P/ASX 200 Index were NICKEL INDUSTRIES and IMUGENE, up 13.29% and 7.53% respectively. The bottom performing stocks in S&P/ASX200 index were JOHNS LYING GROUP and HEALIUS, down 4.05% and 3.38% respectively.
Information technology stocks advanced on the back of optimism on Wall Street's technology-heavy Nasdaq composite overnight. WiseTech (up 2.6%), Xero (up 2.7%) and data centre operator NEXTDC (up 0.3%) all climbed.
Shares of materials and resources gained as the iron ore price climbed 12.2% overnight. Gold companies Evolution Mining (up 1.5%) and Northern Star (up 1.6%) were among the biggest large-cap advancers as the spot gold price increased 1.2%. Lithium players Pilbara Minerals (up 0.6%), Liontown (up 2.2%) and Allkem (up 1.2%) also advanced.
Shares of energy companies declined as Brent crude oil prices dropped 1.3%. Heavyweights Woodside (down 0.2%) and Santos (down 0.7%) declined. Coal miners Yancoal (down 0.2%) and Whitehaven (down 1.2%) also edged down.
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