Lithium miners ended the day substantially higher with Orocobre gaining 19 per cent to $3.64 and Pilbara Minerals gaining 11.3 per cent to $0.34. On the All Ords, Neometals gained 24.3 per cent to $0.23 and Galaxy Resources gained 17.7 per cent to $1.23.
At the closing bell the S&P/ASX 200 was 27.4 points higher at 6976.1, a gain of 0.4 per cent, while the All Ords was 33.3 points higher at 7080.9, a gain of 0.5 per cent.
Info tech had the best performance, up 2.1 per cent, thanks to a 9 per cent gain in WiseTech, a 7.4 per cent rise in nearmap, and a 6.3 per cent rise in Technology One. Sector darling Afterpay got above $40 for the first time when the market opened, then dropped 1.7 per cent to close at $39.20.
Materials also outperformed thanks to gains across the board, except for gold miners and building product makers Fletcher Building and James Hardie, which dropped 1.5 per cent and 0.1 per cent respectively.
A small decline in the financial sectors took away the most points. Commonwealth Bank dragged with a 1.2 per cent decline to $83.28, Westpac declined 0.3 per cent, and insurers also softened.
Utilities was the worst performing sector today, down 0.8 per cent, while consumer staples dropped 0.4 per cent, largely due to declines in Woolworths, Coles, Treasury Wines, Coca-Cola Amatil, Inghams, and Bega Cheese. Woolworths hit an all-time high of $42.56 at 10.30am then lost momentum to close 16¢ lower than Tuesday.