At 10:30 (AEST), the benchmark S&P/ASX 200 index was up 27.60 points or 0.46 percent at 5,979.90, while the broader All Ordinaries index was up 31.20 points or 0.51 percent at 6,166.10.
The Aussie share market shrugged off losses from the day before, with close to all sectors performing strongly in early trade.
Leading gains were energy and tech, while the country’s big banks also offered strong support and the country’s miners posted a net gain.
The exception on the Aussie market were consumer staples which were down 0.66 percent as a sector early in the day, led by losses from the big supermarkets.
In the financial space, the big banks rallied with the Commonwealth Bank up (0.31 percent), Westpac Bank up (0.75 percent), ANZ up (1.07 percent) and National Australia Bank up (0.82 percent).
Mining stocks were mixed with BHP down (0.05 percent), Rio Tinto down (0.95 percent), Fortescue Metals up (1.01 percent) and goldminer Newcrest down (0.63 percent).
The country’s oil and gas producers surged with Oil Search up (1.82 percent), Santos up (0.98 percent) and Woodside Petroleum up (1.26 percent).
Australia’s largest supermarkets fell with Coles down (0.87 percent), and Woolworths down (0.91 percent).
Meanwhile telecommunications giant Telstra lifted (0.35 percent), the national carrier Qantas took off (2.66 percent) and biomedical firm CSL bounced (0.39 percent).
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