A rally involving almost every sector of the Australian share market has helped the index recoup some of last week’s stinging losses.
The benchmark S&P/ASX200 index was up 53.1 points, or 0.83 per cent, to 6,458.6 points at 1200 AEST on Monday, while the broader All Ordinaries was up 53.6 points, or 0.83 per cent, to 6,539.5 points.
The boost for the ASX comes after the local market fell 2.7 per cent last week.
Tech shares added 1.85 per cent by midday on Monday while the energy, healthcare and consumer staple sectors rose more than 1.0 per cent.
Afterpay gained 3.27 per cent, Appen added 2.86 per cent and Xero rose 1.90 per cent.
Santos, Woodside Petroleum and Oil Search were up between 1.37 per cent and 1.98 per cent following a rise in crude prices and Beach Energy was up 6.93 per cent after nearly tripling its profit.
Pharma giant CSL was up 1.00 per cent to $229.67, medical supplier ResMed gained 1.72 per cent to $19.865 and Cochlear jumped 3.45 per cent to $216.65.
Mining giant BHP was up 0.58 per cent to $36.38 ahead of its annual results on Tuesday, Rio Tinto was up 0.63 per cent to $85.255, and Fortescue Metals was up 1.57 per cent to $7.78.
Mining shares overall were the only sector in negative territory, dragged down as BlueScope fell 8.61 per cent to $11.15 after the steel producer posted a 35 per cent drop in full-year profit.
The big four banks rose, with ANZ up 1.10 per cent to $26.68, Commonwealth up 1.35 per cent to $76.135 and NAB up 0.74 per cent to $27.31.
Westpac was up 0.52 per cent to $27.965 after announcing that its 90-plus-day delinquencies were up eight basis points over the third quarter to 0.9 per cent.
Macquarie Group was up 1.86 per cent, the Bank of Queensland added 0.62 per cent, and Bendigo and Adelaide Bank gained 1.28 per cent.
NIB was down 4.85 per cent to $7.26 after the health insurer said it had noticed many households were facing affordability challenges.
Lendlease Group was up 10.04 per cent to $14.90 despite the property developer reporting its full-year profit fell more than 40 per cent.
Crown Resorts was up 0.44 per cent to $11.33 after the casino owner said it had reached a confidential settlement with the NSW government to end their legal battle over harbour views from its Barangaroo development.
The Aussie dollar is buying 67.78 US cents from 67.83 US cents on Friday.