The Australian sharemarket has managed to eke out another gain on Monday, rising to a fresh 13-month high.

The S&P/ASX 200 Index advanced 2.1 points, or 0.03 per cent, to 7065.6.

Sims soared 9 per cent to $16.56, Eagers Automotive firmed 4.6 per cent to $16.25 and Resolute Mining advanced 3.9 per cent to 53.5¢.

Champion Iron firmed 3.8 per cent to $6.52, CSR climbed 3.6 per cent to $6.10 and Reliance Worldwide added 3.3 per cent to $4.71.

Tech stocks were under pressure though. Zip Co dropped 4.5 per cent to $8.94, Pointsbet declined 4.1 per cent to $13.08 and National Storage REIT dipped 3.6 per cent to $2.13.

EML Payments fell 3.5 per cent to $5.46, Scentre Group dropped 3.5 per cent to $2.78 and Nickel Mines declined 3.4 per cent to $1.28.