The Australian technology sub-index has seen a significant uptick, jumping as much as 1.2% to reach its highest level since late November 2021.

The market indicator is on its way to marking its sixth consecutive weekly gain, primarily stimulated by overnight gains on Wall Street.

The shares of Life360, a leading performer on the sub-index, saw a robust growth of up to 5.1%, reaching A$12.255.

Concurrently, the shares of Block and WiseTech Global also experienced bountiful advances, going up to 1.1% and 1.71% respectively.

Thus far this year, the sub-index has seen a 25% increase as per the last close.

Life360 Inc.

is a San Francisco-based tech company that provides location-based services including shared location, messaging and driving safety features.