Most sectors are stronger, with materials and industrial leading the charge. Only utilities and property stocks are in the red.
In company news, Ten Network has slumped 7.5% after Champ Private Equity terminated its agreement to buy Eye Corp. Elsewhere, CSL has climbed 1.7% after the company reaffirmed its FY13 guidance and announced a new $900 million share buy-back.
Around the region, Asian markets are all trading higher; the Shanghai Composite (+0.9%) and Hang Seng (+0.9%) are amongst the best performers.