The Australian sharemarket edged up 0.3 per cent, or 19.5 points to 7110.8 at market close after US legislators approved the debt deal, easing concerns about a default in the world’s largest economy.
Health and technology stocks buoyed the benchmark index. CSL shares rallied 1.3 per cent. Cochlear shares added 2 per cent. Pro Medicus jumped 3.9 per cent.
WiseTech shares rose 0.9 per cent. Xero jumped 1.9 per cent. Altium added 2.4 per cent.
The materials sector also finished in the green. Newcrest Mining shares rose 2.4 per cent. Northern Star Resources added 3.1 per cent. Fortescue up 0.8 per cent. BHP Group edged up 0.1 per cent.
Energy stocks also recorded gains. Soul Patts shares increased 1.7 per cent. Ampol added 1.7 per cent. Whitehaven Coal rose 2.7 per cent. Paladin Energy shares rallied 11 per cent, bouncing back from Tuesday’s sharp fall of 20 per cent.