SYDNEY, AAP – Energy investors have been the biggest winners among broad-based gains on the Australian market.

Energy shares gained about three per cent on Wednesday as COVID-19 outbreaks hinder oil supply and send prices higher.

Technology shares were next best and gained about two per cent.

The benchmark S&P/ASX200 index closed up 48.8 points, or 0.66 per cent, to 7438.9 points.

The All Ordinaries index closed higher by 51.5 points, or 0.67 per cent, to 7762.2 points.

The Australian dollar was buying 72.17 US cents at 1621 AEDT, higher from 71.87 US cents at Tuesday’s close.