Today, the Australian sharemarket managed to rise further, mainly on the back of a sudden hike in job advertisements and data showing that business confidence across the country is now improving.

For the eighth consecutive session, the country's benchmark S&P/ASX 200 managed to record a substantial rise, closing 12.2 points, or 0.3%, higher, at 4820.1 points on light share-trading volumes, after a relatively calm Wall Street night.

The index managed to bounce back from 4791.1 points to 4828.1 points, with confidence in the domestic economy getting a boost by the economic data.

ANZ Bank shared that job advertisements rose by 19.1% during the month of February, in comparison to January, and the National Australia Bank revealed that its business confidence index rose 4 points to +19 points in February, as compared to January's level.

Despite the index gaining substantial points, it failed to break the seven-week high that was hit yesterday, when the index closed at 4828.5 points.