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.


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