At 10:30 (AEST), the benchmark S&P/ASX 200 index was up 10.30 points or 0.21 percent at 4,852.70, while the broader All Ordinaries index was up 1.00 point or 0.021 percent at 4,875.20.
Healthcare was leading gains on the local market with information technology and utilities also rallying strongly. Market heavyweights financials were improved just under 2 percent.
However resources and materials were heavily affected by a slump in commodity prices with materials plunging over 1.5 percent.
"Global oil prices fell by up to 5.4 percent on Friday despite the latest stimulus efforts. Investors are focusing on the drop of global oil demand," Commsec market analyst Craig James said.
In the financial space, Australia's big banks rallied with the Commonwealth Bank up (2.19 percent), ANZ up (0.71 percent), National Australia Bank up (0.40 percent) and Westpac Bank up (2.62 percent).
Mining stocks sank with Rio Tinto down (1.01 percent), BHP down (2.52 percent), goldminer Newcrest down (2.31 percent) and Fortescue Metals down (1.77 percent).
The country's oil and gas producers were mixed with Oil Search down (2.13 percent), Santos down (3.81 percent) and Woodside Petroleum up (1.49 percent).
Australia's largest supermarkets jumped with Coles up (2.48 percent), and Woolworths up (2.39
percent).
Meanwhile telecommunications giant Telstra bounced (1.97 percent), the national carrier Qantas sank (3.70 percent) and biomedical firm CSL lifted (2.98 percent).
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