Steven Deare
(Australian Associated Press)

The ASX200 has closed higher than 7500 points for the first time in its history as traders continue to look beyond coronavirus lockdowns.

The index traded below the milestone figure for most of the day and investors had been unsure whether the ASX would close higher than the mark.

The benchmark S&P/ASX200 index closed higher by 28.7 points, or 0.38 per cent, to 7503.2.

The index earlier achieved its best level in history of 7509.2.

The All Ordinaries closed up 28.2 points, or 0.36 per cent, to 7778.7.

Market giant BHP rose by more than two per cent and helped the wider category of materials shares climb more than one per cent.

The Australian dollar was buying 73.99 US cents at 1621 AEST, higher from 73.92 US cents at Tuesday’s close.