Technology stocks have soared this month to lead the sharemarket after a dismal start to the year that has dragged the sector behind all others as the broader market trades at record levels.

The S&P/ASX 200 information technology index jumped 3.5 per cent on Friday, the best day in a month, pushing its advance since the start of June to 13 per cent, the most out of all 11 sharemarket sectors.

The June boost marks a turning point for tech shares, which until Friday had lagged the broader market by 15 per cent since the start of the year, making it the worst-performing sector.

The jump for the month so far marks a dramatic shift in investor sentiment given the changes to monetary policy central banks have begun to flag.

On Wednesday in the US, Jerome Powell, chairman of the Federal Reserve, said the central bank would begin to discuss paring back the record amounts of monetary stimulus it has injected into financial markets.

Hours later, Philip Lowe, governor of the Reserve Bank of Australia, changed the language he has previously used to telegraph the prospect of raising interest rates in a shift some economists interpreted as increasing the likelihood of a hike earlier than prior forecasts.

Read the full article at afr.com.