Australian shares closed higher on Wednesday after a positive lead from the US technology sector set up local growth companies for a strong session.
The Nasdaq Composite index closed 1.2 per cent higher in New York overnight despite the Dow Jones Industrial Average ending flat as the technology sector further recovers from the sell-off at the start of the month.
Lennox Capital Partners portfolio manager Liam Donohue says the outlook for technology and growth companies is positive despite the ongoing risk of volatility in the current environment.
Shares in the company rose 6.1 per cent to $20.41 after the pure-play online retailer said it added 152,000 new active customer accounts in August, which topped the previous record growth in the April national lockdown.
In real estate, Scentre Group confirmed it was looking at a substantial capital raising after The Australian Financial Review reported it was set to go to the market for $US2 billion ($2.7 billion).