At closing bell, the benchmark S&P/ASX200 index was up 13.11 points, or 0.18%, to 7,430.86. The broader All Ordinaries index added 14.08 points, or 0.18%, to 7,628.60.
Total 8 of 11 sectors ended higher along with the S&P/ASX 200 Index. Information Technology was the best performing sector, gaining +1.27%, followed by telecommunication services (up 1.15%), A-REIT (up 0.62%), healthcare (up 0.6%), and consumer staples (up 0.5%).
The top performing stocks in S&P/ASX200 index were SIMS LIMITED and DOMAIN HOLDINGS AUSTRALIA, up 7.08% and 5.46% respectively. The bottom performing stocks in S&P/ASX200 index were THE STAR ENTERTAINMENT GROUP and ANSELL, down 13.47% and 8.72% respectively.
Shares of Tech and telecommunications sectors performed best, with software provider WiseTech Global up 3.1% and Carsales.com up 1.2%.
Share prices in energy, materials and industrials closed lower. Manufacturing company James Hardie Industries' shares were down 4.25% after the company announced it would cut its annual profit forecast in its North America market for a third time. Mining giants Rio Tinto and BHP ended the day in the red with small losses
Challenger shares jumped 4.4% to $7.58 after financial services firm reported higher normalised profit and underlined that it was benefiting from higher interest rates. The investment management company reaffirmed its guidance for the year.
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