At closing bell, the benchmark S&P/ASX200 advanced 44.41 points, or 0.62%, to 7,205.69. The broader All Ordinaries index gained by 51.70 points, or 0.7%, to 7,473.87.
The top performing stocks in this index were HUB24 and PALADIN ENERGY, up 9.85% and 9.09% respectively. The bottom performing stocks in this index were DOMINO PIZZA and COSTA GROUP HOLDINGS, down 14% and 8.6% respectively.
Healthcare stocks were the biggest boost to the benchmark with sector heavyweights Cochlear and CSL gaining 5.1% and 0.7%, respectively.
Mining shares followed suit, with BHP Group climbing 0.6% while Rio Tinto gained 1.2%.
In company news, Woolworths (WOW) added 1.4% after posting an 8% increase in revenue. WiseTech Global (WTC) added 4.2% after posting an 18% climb in revenues and a 74% jump in statutory profits.
ECONOMIC NEWS: Australia Construction Work Done Up 2.9% In Q4- Australia construction work done was up a seasonally adjusted 2.9% on quarter in the fourth quarter of 2021, the Australian Bureau of Statistics said on Wednesday, coming in at A$53.463 billion and following the 0.3% contraction in the three months prior. Building work done fell 1.3% on quarter to A$30.398 billion, while engineering work done rose 0.7% on quarter to A$23.065 billion. Residential building work was up 1.3% on quarter and residential building work dropped 2.9%.
CURRENCY NEWS: The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.05 after recently falling from above 96.2. The Australian dollar was at $0.7234 after climbing from below $0.72 yesterday.
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