The Australian share market is trading positively at noon with gains in the banking and mining sectors leading the way.
The big banks are enjoying welcome rallies, with ANZ’s share price recuperating two per cent, and NAB and Westpac’s up one per cent.
The materials sector has also bounced, with miners BHP Billiton and Fortescue soaring more than five per cent, and Rio Tinto lifting 2.5 per cent.
Earnings news saw packaging company Amcor’s stock jump nearly nine per cent, while rail freight operator Aurizon is down eight per cent and Bendigo and Adelaide Bank has slid four per cent.
Mum-and-dad favourite Telstra’s shares are also cheaper, falling nearly three per cent.
KEY FACTS:
* At 1200 AEDT on Monday, the benchmark S&P/ASX200 index was up 39.8 points, or 0.84 per cent, at 4,805.1 points.
* The broader All Ordinaries index was up 40.1 points, or 0.83 per cent, at 4,856.7 points.
* The March share price index futures contract was up 57 points at 4,755 points, with 17,541 contracts traded.
* National turnover was 681 million securities traded, worth $1.6 billion.
