Every sector is trading higher, with healthcare, IT, utilities and financials leading the way.
In company news, Northern Energy (NEC) is trading 30% higher on the day after New Hope Corporation (NHC) announced a $2 per share takeover offer.
Around the region, Asian markets are mostly stronger with the exception of the Shanghai Composite.
The Hang Seng is up 1.3% whilst the Nikkei is up 0.5%. Shanghai is down 1.3%.