SYDNEY, AAP – Investors have had a good day on the Australian share market and their best month since November’s record gains.
The S&P/ASX200 benchmark index closed up 52.3 points, or 0.78 per cent, to 6790.7 on Wednesday.
The index reached a session high of 6862.6 at about the halfway point of the session, but could not sustain those heights.
Since the pandemic, investors have been reluctant to raise the index to much more than 6800 points.
For the month, the ASX200 gained 1.76 per cent. That is the highest gain since November’s 9.96 per cent, which was a record month for the index.
Meanwhile, the All Ordinaries on Wednesday closed higher by 47.2 points, or 0.68 per cent, to 7017.
The Australian dollar was buying 75.99 US cents at 1620 AEDT, lower from 76.52 US cents at Tuesday’s close.