Resource stocks led the market’s advance, with BHP and Rio Tinto jumping more than 4% each.
Lower bullion prices hurt the domestic gold miners; Newcrest was a casualty (-0.8%) despite reporting a 63% surge in full year profit.
Leighton buoyed the industrials sector (+8.3%) after flagging a return to profit in FY12. However, UGL lost 1.9% after its FY11 profit missed guidance.
Most of the big four strengthened, although CBA declined 2.4% after going ex-dividend.
The ASX 200 soared 110 points (+2.6%), settling at 4283.