Welcome to your five-minute recap of the trading day and how the experts saw it.

The numbers: The Australian sharemarket closed higher after the Reserve Bank lifted interest rates by 50 basis points as expected on Tuesday afternoon.

The ASX 200 closed up 0.3 per cent at 6,629.3 points, with the energy sector leading gains with a 2.2 per cent climb on the back of oil prices edging upwards overnight as supply concerns outweighed recession fears. Woodside was among the big risers, jumping by 3.8 per cent.

Tech stocks also rose by 1.9 per cent, while other sectors were relatively unmoved, aside from real estate stocks which fell by 1.3 per cent.

The big four banks rose immediately after the RBA’s announcement, but late falls meant many closed flat or slightly down. Commonwealth Bank was 0.2 per cent down from Monday’s close.

The lifters: Life360 11.3%, Regis Resources 10.7%, Polynovo 10.1%

The laggards: Unibail-Rodamco-Westfield -4%, Mirvac Group -2.8%, Brickworks -2.8%

The lowdown: With Wall Street closed for a public holiday overnight, the local sharemarket took a soft lead from rising European shares, but rose only slightly as investors awaited the Reserve Bank’s cash rate announcement.

Once the RBA announced the new 1.35 per cent cash rate, the Australian dollar fell slightly against the US dollar and sits at $US69¢. Bond yields dipped modestly after the announcement to 3.57 per cent on a 10-year bond.