The Australian stock market has hit its highest level since June 11, with gains across the board as Afterpay continued its stunning run by soaring 9.5 per cent to a new all-time high.
The benchmark S&P/ASX200 index finished up 98.3 points, or 1.66 per cent, at 6,032.7 points, in its best performance in two weeks.
The broader All Ordinaries index finished up 101.3 points, or 1.68 per cent higher, at 6,142.3.
“Clearly a reasonably strong day on the market today,” said SG Hiscock & Company portfolio manager Hamish Tadgell.
“It’s been driven by pretty broad gains across the market today,” Mr Tadgell said.
Mining was the only sector that didn’t join the rally, with goldminers taking a break after several days of strong gains and the diversified miners subdued.
Buy now, pay later giant Afterpay led the tech sector higher, closing at $68.16, up 133 per cent since the start of the year and more than eightfold from the intraday low of $8.01 it hit during the market crash back on March 23.
Its rivals also had a good day, with Zip Co rising 5.6 per cent, Splitit soaring 16.3 per cent and Openpay adding 2.6 per cent.