SYDNEY, AAP – Investors have recovered some of their losses from the week after many saw buying opportunities in a largely locked-down Aussie market.

The heavyweight categories of materials, financials and healthcare gained more than one per cent on a resilient local bourse.

The benchmark S&P/ASX200 index closed higher by 56.5 points, or 0.78 per cent, at 7308.7 on Wednesday.

The All Ordinaries closed up 55.1 points, or 0.73 per cent, to 7580.9.

It’s the first day of gains this week after virus lockdowns in NSW, Victoria and South Australia contributed to losses.

The Australian dollar was buying 72.98 US cents at 1620 AEST, down from 73.16 US cents at Tuesday’s close.