The Australian sharemarket advanced on Monday, buoyed by easing bond yields that created a risk-on environment for investors ahead of U.S. President Donald Trump’s inauguration.
The S&P/ASX 200 closed up 37 points, or 0.5%, at 8,347.4, as rate-sensitive technology and real estate sectors outperformed.
The technology sector rose 0.9%, with notable gains from Megaport, which climbed 3.7%, Appen, up 0.8%, and Block Inc, which advanced 1.2%.
Real estate companies also delivered a strong performance, as Mirvac increased 0.8%, Goodman Group added 0.6%, and Charter Hall rose 0.9%.
Among individual companies, Star Entertainment tanked 17.9% after issuing a warning about "material uncertainty" surrounding shareholder investments.
Karoon Energy also fell 5.7% after announcing it would cap an unproductive well.
On the bond markets, with the 10-year and 2-year yields eased by 0.5% and 0.7%, respectively, to 4.485% and 3.936%.
