At closing bell, the benchmark S&P/ASX200 advanced 25.74 points, or 0.35%, to 7,379.26. The broader All Ordinaries index added 29.57 points, or 0.39%, to 7,697.51.
The top performing stocks in this index were NETWEALTH GROUP and ST BARBARA, up 6.2% and 5.69% respectively. The bottom performing stocks in this index were GUD HOLDINGS and INSURANCE AUSRALIA GROUP, down 4.04% and 3.64% respectively.
Total 6 of 11 sectors were higher along with the S&P/ASX 200 Index. A-REIT was the best performing sector, gaining 1.75%, while financial was the worst performing sector, falling 0.27%,
Shares of energy sectors advanced on tracking strength in crude oil prices. U.S. crude futures traded up 1.03% at $72.41 a barrel while global benchmark Brent added 0.86% to $75.80.Beach Energy and Worley rose 3.4% and 2.7%, respectively.
Shares of materials and resources climbed up as Chinese iron ore futures bounced back on positive demand outlook. Rio Tinto, BHP Group, and Fortescue gained between 2.6% and 3.1%.
Shares of financials were down, with insurance players led downtrend after a brokerage downgraded Insurance Australia Group to "sell". Insurance Australia Group slid 3.6%, while QBE Insurance Group and Suncorp lost 3.3% and 1.1%, respectively.
Shares of Property investor Charter Hall jumped to a record high after raising earnings forecast for the second time in two months.
CURRENCY NEWS: The dollar index was at 96.261, compared with its previous close at 96.097. The Australian dollar fell 0.35% to $0.7146.
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