The big banks were on fire, with NAB leaping 6.1% for the day.
CBA was up a more modest 2% after its subdued outlook for credit growth. The bank earlier reported a monster 1H11 cash profit of $6.84 billion.
Resource stocks led today’s gains, with BHP and Rio Tinto rising more than 3.5% each.
However Computershare was among the decliners after its full year profit fell 10% from a year earlier. CPU shares shed 2% today.
Harvey Norman was a stellar performer (+8.9%) among the retailers after reporting a full year increase in sales.
The ASX 200 soared 107 points (+2.6%), closing at 4141.