At closing bell, the benchmark S&P/ASX200 index rose 11.34 points, or 0.19%, to 5,965.75. The broader All Ordinaries added 12.27 points, or 0.2%, to 6,081.55.
The utilities sector enjoyed the biggest sectoral gains, followed by the healthcare and information technology sectors. Avita Medical shares increased 1,766% to $8.40 thanks to a 20 to 1 stock consolidation. Sonic Healthcare increased 4.7% to $30.33 following a positive trading update.
Gold miners improved following the price of the precious metal hitting 7-year highs. The likes of Evolution Mining (EVN) and Northern Star (NST) saw some of the biggest moves, lifting 6.6% and 4.9% each.
Industrial stocks declined, as toll giant Transurban dropped 3.3% to $14.30 after a ratings downgrade by UBS following Monday's warning its toll road traffic may never return to pre-COVID-19 levels.
The heavyweight financial sector fell by 0.3% as ANZ Bank dropped 0.8%, NAB fell 0.6%, and Westpac declined 0.4%. Commonwealth Bank increased by 0.3% to $69.24.
CURRENCY NEWS: The Australian dollar changed hands at $0.6913 after seeing an earlier low of $0.6899.
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