The Australian share market has opened more than three-quarters of a per cent higher.

At 1010 AEST on Monday, the benchmark S&P/ASX200 index was up 45.4 points, or 0.87 per cent, at 5,265.0, while the broader All Ordinaries index was up 43.9 points, or 0.84 per cent, at 5,258.6.

On the ASX 24, the September share price index futures contract was up 39 points at 5,267, with 11,289 contracts traded.