Most sectors finished in positive territory, with the materials sector the key driver of today’s gains.
The major miners strengthened on the back of higher commodity prices; BHP put on 0.6%, Rio Tinto advanced 2.1% and Fortescue soared 4.1%.
A rally in the price of gold helped Regis Resources and Kingsgate, which surged 6.5% and 8.6% respectively.
The big four banks finished the session mixed; NAB lost 0.5%, while ANZ gained 0.4%.
Pharmaceutical company, ResMed, soared 7.5% despite announcing a poor half year result. Investors were instead heartened by the company’s positive guidance for the year ahead.
The ASX 200 added 17 points (+0.6%), settling at 4288. Today’s gains saw the market finish up 1.2% for the week.