The S&P/ASX 200 advanced 0.5 per cent, or 31.8 points, to 7064.3 on Monday, buoyed by gains from the real estate and technology sectors.

BlueScope Steel climbed 3.9 per cent to $17.55 after delivering its highest underlying profit in its 20-year history.

JB Hi-FI fell 1 per cent to $45.10 despite posting a 7.7 increase in its net profit for the 12 months through June. GPT Group firmed 5.4 per cent to $4.53 despite its half-year profit declining.

Carsales jumped 5.8 per cent to $22.90 after posting record full-year results on the back of a surge in advertising, and lifting its final dividend.

Beach Energy tumbled 11.1 cent to $1.64 after reporting its full-year results, while Bendigo and Adelaide Bank dropped 8.4 per cent to $9.88.

Nearmap surged 24.8 per cent to $1.88 after announcing it received a non-binding indicative proposal from software investment firm Thoma Bravo.