the S&P/ASX 200 gained 90.7 points to close at 6826.4 today, a gain of 1.35 per cent. The All Ords gained 1.26 per cent to close at 6943.6 points.
It was the best one-day performance for the ASX200 since December 16, when the the index gained 110 points and closed at 6849.
The biggest gains in the All Ords were in PolyNovo, up 11.8 per cent to $2.03, and Magnis Energy, up 11.1 per cent to 10¢. The biggest decline was 12.5 per cent in Australian Mines to 1.4¢.
The healthcare sector out-performed the market with a rise of 2 per cent, thanks to PolyNovo’s gains and a 2.4 per cent increase in CSL and Ansell, and 3.4 per cent increase in Pro Medicus.
Communications were up 1.9 per cent with Telstra rising 2.5 per cent to 3.71. This was Telstra’s best one-day performance since November 28, 2019.
Consumer staples also out-performed with drinks maker Coca-Cola Amatil rising nearly 5 per cent to $11.54, the highest price in six-years. However gains in consumer staples were not universal with rural services business Elders falling 1.7 per cent to $6.17. Elders shares have lost 6 per cent since the start of the year.