At closing bell, the benchmark S&P/ASX200 index was up 28.21 points, or 0.39%, to 7,283.57. The broader All Ordinaries index inclined 24.02 points, or 0.32%, to 7,484.04.
The top performing stocks in the S&P/ASX 200 Index index were LIONTOWN RESOURCES and RAMELIUS RESOURCES, up 13.19% and 5.58% respectively. The bottom performing stocks in S&P/ASX200 index were AMPOL and CAPRICORN METALs, down 5.77% and 3.97% respectively.
Total 10 of 11 sectors ended higher along with the S&P/ASX 200 Index. Telecommunications Services was the best performing sector, gaining +0.86%, followed by healthcare (up 0.6%), financials (up 0.54%), and materials (up 0.5%) sectors.
Shares of materials and energy sectors advanced, led by BHP (up 0.6%) and Rio Tinto (up 1.6%).
Healthcare stocks climbed, including EBOS (up 4.9%), Sonic Healthcare (up 1.6%) and Resmed (up 1.5%). The communication services stocks were also higher, led by Telstra (1.2%).
ECONOMIC NEWS: The services sector in Australia bounced back up into expansion in February, the latest survey from Judo Bank revealed on Friday with a services PMI score of 50.7. That's up from 48.6 in January, and it moves back above the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that the composite PMI improved to 50.6 in February from 48.5 in January.
CURRENCY NEWS: The Australian dollar was stood at 0.6758 against greenback on Friday, up 0.43% from previous trading day closure at 0.6729 after trading in the range of 0.6724-0.6768.
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