Most of S&P/ASX200 sectors advanced, with shares in technology, energy, healthcare, and telecom sectors being notable gainers and helped to offset losses in realty and materials stocks.
At closing bell, the benchmark S&P/ASX200 was up 9.72 points, or 0.13%, to 7,364.77. The broader All Ordinaries index added 15.88 points, or 0.21%, to 7,682.56.
The top performing stocks in this index were LINK ADMINISTRATION HOLDINGS and PILBARA MINERALS, up 15.03% and 8.76% respectively. The bottom performing stocks in this index were FALCON METALS and CHARTER HALL GROUP, down 37% and 7.5% respectively.
Shares of information technology sector out-performed the market, with Link Administration leading rally with gains of 15% to A$5.51 after software company Dye & Durham lodged a A$3.7 billion buyout at A$5.50 per share. The deal includes Link's 43% stake in PEXA, which itself gained 6% to A$17.23. Also in the information technology sector, Afterpay gained 5.4% and WiseTech gained 2.9%.
Charter Hall Group dropped 7.5% to A$19.99 on news it would pay A$207 million for a 50%stake in Paradice Investment Management, with the option to buy the rest of it 2025.
Chalice Mining's gold assets spin-off Falcon Metals had a dreadful debut on the ASX today, dropping 37% to A$0.315. Falcon raised A$30 million from investors at 50c a share valuing the company at A$88 million.
CURRENCY NEWS: The Australian dollar was at $0.7135 after climbing from below 0.712 earlier this week.
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