The share market continues to rise, driven by gains among the big banks and mining giants.
The main indices were 1.5 per cent higher at noon (AEDT), putting the market on track for its best session in four weeks.
National Australia Bank was the best performer in the financial sector, up 2.8 per cent, while Commonwealth Bank had gained just more than two per cent and ANZ and Westpac were more than one per cent higher.
BHP Billiton and Rio Tinto were each close to three per cent higher, while in the energy sector, Woodside Petroleum, Santos and Oil Search were between 0.7 and one per cent higher.
KEY FACTS:
* At 1200 AEDT, the benchmark S&P/ASX200 index was up 78.2 points, or 1.56 per cent, at 5,088.5 points.
* The broader All Ordinaries index was up 75.3 points, or 1.48 per cent, at 5,156.8 points.
* The June share price index futures contract was 83 points higher at 5076 points, with 19,631 contracts traded.
* National turnover was $772 million securities traded, worth $1.34 billion.
