There was a gain of 1.1 per cent which delivered an 11-week high.
Our market had a solid lead-in from a stronger performance on Wall Street.
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As stocks there continued to recover from last week’s AI sell-off, while investors were also reacting to oil prices falling to 10-week lows.
Locally, the majority of sectors posted gains. Industrials was the strongest performer, gaining more than 2 per cent, while Data Centre developer Goodman Group finished around 3.5 per cent higher.
Facility Centres and Centre Group, whose buildings howls, troubled retailer David Jones recovered from yesterday’s losses.
Qantas was in the news over plans to cut 850 corporate roles, its shares jumped.
The big banks and miners also helped push the market forward.
Tech company Life360 was our worst performer. It released strong quarterly results, but its outlook was weaker than expected.
The Australian dollar continued to lose ground today.
This article is published as part of a paid partnership with the CommSec.
Facts and dates are correct at the time of publication. This is general information only and does not constitute personal financial advice. Consider seeking advice from a qualified financial professional before making financial decisions.
