Investors have been encouraged by a surge in July imports that suggest consumer spending may be rebounding from its coronavirus slump, pushing Australia’s share market higher.
Investors helped the main indices higher after data published mid-session showed imports rose seven per cent in July.
The S&P/ASX200 benchmark index closed up by 49.4 points, or 0.81 per cent, to 6112.6 points on Thursday.
The All Ordinaries index finished higher by 49.2 points, or 0.79 per cent, to 6301.0.
The Aussie dollar was buying 73.09 US cents at 1620 AEST, lower from 73.64 US cents at the close on Wednesday.