The Australian sharemarket closed in positive territory on Tuesday, boosted by strong performances from energy and mining stocks, which offset losses in the technology and consumer discretionary sectors.
The S&P/ASX 200 Index rose 39.1 points or 0.5% to close at 8,231.
Eight of the 11 sectors in the index advanced, led by a rally in mining stocks as iron ore prices hit two-week highs.
Rio Tinto gained 0.9%, BHP rose 1.4%, and Fortescue Metals climbed 2.9%.
Coal miners also attracted attention as coal prices dropped to three-year lows, prompting Whitehaven Coal to jump 6.6%, and Yancoal to rise 2.8%.
The session saw some losses among large-cap players, with WiseTech Global falling 1.3%, Appen down 6.2%, and Novonix falling 1.5%.
Consumer discretionary stocks also retreated, reflecting concerns over weaker retail demand. JB Hi-Fi fell 1.6%, and Wesfarmers edged down 0.3%.
Among individual companies, Ingenia Communities Group soared 15% after revising its earnings guidance for FY2025 upwards to $162 - $165 million, compared to its earlier forecast of $148 - $155 million.
Star Entertainment shares gained 7.7% following news that Macau businessman Xingchun Wang had acquired an additional 28 million shares in the struggling casino operator. The investment comes as Star seeks to restructure its debt and stave off potential insolvency.
On the bond markets, 10-year and 2-year yields eased 0.2% apiece to 4.62% and 4.006%, respectively.
