• The ASX200 closed 1.25% higher at 7405.40 points on Wednesday.
• Life360 jumped 9.2% in anticipation of replacing Oil Search in ASX200.
• Telix Pharmaceuticals rose 3% on a new distribution agreement in Spain.

The Australian market’s rally advanced in afternoon trade, boosting the key index to close Wednesday’s session 1.25% higher at 7405.40. Metals and mining was the leading sector today as the price of Iron Ore rallied while materials stocks also experienced a more than 2% surge today.,

The tech sector surged in afternoon trade as Afterpay jumped 4.24%, Codan added 4.15% and Tyro Payments added 3.55%.

Bitcoin is trading 1% lower over the last 24-hours at US$50.573.70 at 4:30pm AEDT as Australia’s treasurer Josh Frydenberg today confirmed the Commonwealth and Reserve Bank of Australia are now working on the feasibility of a central cryptocurrency in Australia.

Location tracking tech company Life360 closed the midweek session 9.2% higher after announcing it will benefit from the merger of Oil Search and Santos through replacing Oil Search in the ASX200 when the companies merge, from as soon as December 12.

Making headlines, Telix Pharmaceuticals rallied 3% today after announcing a new distribution agreement in Spain. Telix has entered into an exclusive commercial distribution agreement with Madrid-based NUCLIBER S.A. Spain for Telix’s prostate cancer investigational imaging product, Illuccix for the Spanish market.

And the top 10 Google searches in Australia for 2021 have been revealed, with the most Googled phrase being ‘How to get a vaccine certificate’ followed by ‘How to tie a tie’.