Local traders seem to have run with the bullish leads provided by Wall Street on Friday night, with every sector trading in positive territory.
Materials and energy are the standouts, whilst the financials are the poorest performing group.
In company news, Newcrest Mining today reported their full-year results and recorded a 63% increase in net profit to 30 June.
Despite the solid result, the stock is trading approximately 2% lower.
Around the region, Asian markets are mixed; the Hang Seng (+1.8%) and Nikkei (+0.9%) are trading higher, whilst the Shanghai Composite (-0.3%) is weaker.