However, market gains capped amid concerned about the coronavirus infections in New South Wales and the related lockdown.
At closing bell, the benchmark S&P/ASX200 was up 6.45 points, or 0.09%, to 7,315. The broader All Ordinaries rose 1.93 points, or 0.03%, to 7,589.
Total 7 of 11 sectors ended lower despite gains the S&P/ASX 200 Index. Industrials was the best performing sector, gaining 5.4%, followed by telecommunication services (up 2.8%) and energy (up 2.4%) sectors. Utilities was worst performing sector, falling 3.1%, followed healthcare (down 1.8%), Information Technology (down 1.3%), and real estate (down 1.1%) sectors.
The best performing stocks in the S&P/ASX200 were Sydney Airport (up 33.9%), Chalice Mining (up 12%), Auckland International Airport (up 5.5%), Orocobre (up 3.9%), and Atlas Arreria (up 3.5%), while the worst performing stocks were Clinuvel Pharmaceuticals (down 5.2%), Appen (down 5.1%), Nuix (down 4.9%), Nine Entertainment Co Holdings (down 4.9%), and Tabcorp Holdings (down 4.4%).
Shares of Sydney Airport soared 34% after a group of infrastructure investors proposed A$22.26 billion bid for airport operator.
Shares of Tabcorp Holdings fell 5 per cent, as the gambling firm said it would spin off its Lotteries & Keno business into a listed entity.
CURRENCY NEWS: Australian dollars were weaker ahead of the Reserve Bank of Australia's policy meeting. The Australian dollar changed hands at $0.7516 after a recovery last week from below $0.748.
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