The share market has opened 2014 on a positive note, despite low volumes during the holiday season.

At 1615 AEDT on Thursday, the benchmark S&P/ASX200 index was up 15.7 points, or 0.29 per cent, at 5,367,9 while the broader All Ordinaries index was up 16.7 points, or 0.31 per cent, at 5,369.8.

On the ASX 24, the March share price index futures contract was 25 points higher at 5,343, with 11,901 contracts traded.