SYDNEY, AAP – A booming materials sector has helped the Australian share market close higher.
The S&P/ASX200 benchmark index closed higher by 55.7 points, or 0.82 per cent, to 6818.0 on Wednesday.
The All Ordinaries closed higher by 58 points, or 0.83 per cent, at 7067.9.
The materials sector was best, up 3.09 per cent.
The Aussie dollar jumped to 78.38 US cents after data showed the economy grew by more than expected in the December quarter.
The dollar was buying 78.22 US cents at 1617 AEDT, higher from 77.55 US cents at Tuesday’s close.