The S&P/ASX 200 finished 0.7 per cent higher on Wednesday with the tech sector up 3.8 per cent, consumer discretionary up 1.3 per cent, and industrials up 1.3 per cent.

The top performer on the benchmark index was Life360, up 9.6 per cent. Afterpay-owner Block added 6.1 per cent, with Xero up 5.3 per cent.

NAB shares also hit a five-year high. The S&P/ASX 200 touched a three-month high.

The energy sector fell 0.8 per cent, with small-cap 88 Energy plunging 48.5 per cent after revealing disappointing drilling results at its Alaskan tenements.