The Australian share market is buoyant around midday, with energy and resource stocks in solid positive territory.

While the gains are broad based across the market, energy and materials led the charge off the back of stronger commodity values.

BHP rose 2.86 per cent to $24.65, while energy players Woodside Petroleum and Santos and gold miner Newcrest Mining have surged by more than three per cent.

NAB is leading the banks, while mum-and-dad staples Woolworths and Telstra are up by about one per cent.

KEY FACTS

* At 1212 AEST on Thursday, the benchmark S&P/ASX200 index was up 77.2 points, or 1.51 per cent, at 5,176.1 points.

* The broader All Ordinaries index was up 74.9 points, or 1.46 per cent, at 5,198.5 points.

* The December share price index futures contract was up 62 points at 5,163 points, with 18,540 contracts traded.

* National turnover was one billion securities worth $4.2 billion at 1220 AEST.