At closing bell, the benchmark S&P/ASX200 advanced 30.36 points, or 0.4%, to 7,534.90. The broader All Ordinaries rose 34.70 points, or 0.45%, to 7,823.28.
Total 8 of 11 sectors ended higher along with the S&P/ASX 200 Index, with Tech and healthcare stocks paced the gainers, while energy stocks succumbed to selling pressure on tracking a downturn in oil prices.
Shares of technology sector fuelled rally on tracking gains in US peers overnight, with Afterpay, Appen, Wisetech Global, NEXTDC and Xero being notable gainers.
Shares of iron ore miners were weak, with BHP, Rio Tinto and Fortescue Metals all hitting reverse, while energy companies and gold prospectors were also down.
Shares of Biotech firm Mesoblast plunged nearly 16% after it revealed a loss of A$134.6 million for 2021.
CURRENCY NEWS: The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.502 after its decline last week from above 93.0. The Australian dollar was at $0.733, against an earlier low of $0.7286.
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