The Australian sharemarket is on track to break a four-week losing streak, with the S&P/ASX 200 edging up 0.1 per cent to 8626.80 by mid-afternoon. The benchmark is positioned to finish the week 2.5 per cent higher, marking its longest run of daily gains since May.

The Australian sharemarket held marginally higher on Thursday afternoon, lifted by strength in the technology sector but constrained by weakness in energy names. The S&P/ASX 200 inched up 3.2 points, or less than 0.1%, to 8609.7 by mid-afternoon, with seven sectors in positive territory.

The Australian sharemarket rebounded from a six-month low on Monday, lifted by strength across industrials, technology and healthcare. The S&P/ASX 200 rose 1.2 per cent to 8514.40 by mid-afternoon, recovering after nearly $40 billion was wiped from the index late last week amid fading US rate-cut expectations.