SYDNEY, AAP – Investors have stopped a five-day losing streak on the Australian market as they bought shares in technology and materials.
Technology shares had the biggest gains, 1.68 per cent, following strong support on Wall Street on Friday.
However Australia’s big miners had patchy performances after big losses last week.
BHP closed higher but Fortescue fell more than four per cent. Rio Tinto dropped by half a per cent.
The benchmark S&P/ASX200 index closed higher by 29 points, or 0.39 per cent, to 7489.9.
The All Ordinaries closed up 36 points, or 0.47 per cent, to 7761.1.
The Australian dollar was buying 71.60 US cents at 1619 AEST, higher than 71.32 US cents at Friday’s close.