The share market is on track for its strongest session in more than a month as the big banks recover from recent weakness.

The market was 1.3 per cent higher at noon, with all four major banks up more than 1.5 per cent, their best gains since ANZ’s announcement of a $3 billion capital raising on August 6 sparked a sustained selloff in the sector.

Property stocks and other financials were also higher, while the majority of energy producers and miners were in positive territory.

Among the worst performers was SEEK, which was down more than 11 per cent as its six per cent rise in underlying earnings missed expectations.

KEY FACTS

* At 1200 AEST, the benchmark S&P/ASX200 index was up 71.4 points, or 1.35 per cent, to 5,374.5 points.

* The broader All Ordinaries index was up 65 points, or 1.22 per cent, to 5,374.4 points.

* The September share price index futures contract was 60 points higher at 5,329, with 18,580 contracts traded.

* National turnover was 966 million securities worth $2.4 billion.