Banks help ASX edge higher after three days in the red

The big four banks have rebounded to lead a 1.4 per cent rally in the financials sector. (Steven Saphore/AAP PHOTOS)

Information technology and financial stocks have helped break a three-day losing streak for the Australian share market but concerns about China's mineral demand continue to weigh on investors.

The benchmark S&P/ASX200 index closed 30.6 points higher, or 0.37 per cent, on Thursday at 8224, while the broader All Ordinaries edged 29 points higher, or 0.34 per cent per cent, to 8479.9.