A bounce in real estate stocks and renewed optimism around Chinese economic growth lifted the Australian sharemarket on Monday, with the benchmark ASX 200 closing in on record highs.
The Index rose 0.53 per cent, or 41.3 points, to end the day at 7811.90 — inching closer to its early March all-time high of 7847.
The broader All Ordinaries index lifted 0.56 per cent, or 45.2 points, to finish at 8071.5, while technology stocks booked a handsome 0.95 per cent gain to close at 3119.0.
The Aussie dollar gained 0.2 per cent against the greenback to buy US65.2c at the closing bell.
Ten of 11 industry sectors ended in the green, with only discretionary recording a slight 0.01 per cent decline.
The rate-sensitive real estate sector pushed the market higher with a 1.76 per cent gain, following by energy with a 1.13 per cent lift and health care with a 1.01 per cent rise.
eToro market analyst Josh Gilbert credits la...
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