SYDNEY — Shares of IMDEX Ltd. rose almost 6% on Tuesday, extending a recovery from last week's sharp selloff as Australian stocks rallied to their highest level since August.

IMDEX shares gained 19 cents, or 5.79%, to A$3.47 in afternoon trading, after reaching as high as A$3.48. About 1.3 million shares changed hands, valuing the company at about A$1.8 billion.

The company did not release market-sensitive news on Tuesday.

IMDEX rose with the broader market. The ASX 200 was moving sharply higher, with gains across most sectors led by mining and technology stocks.

Smaller companies outperformed. The Small Ordinaries rose 1.6% to 3,282.7, outpacing the ASX 200.

Mining services and contractor stocks were among the biggest movers.........

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