Local bulls have shrugged of the negative leads provided by international markets overnight, instead focusing on the bumper, after the bell results from tech giant Apple.
Financial stocks are leading the move higher, with telcos and industrials firmly in tow, whilst energy and consumer discretionary stocks are the laggards.
In company news, Alesco is up more than 7% after reporting a first-half profit result of $7.2 million in what it described as ‘tough trading conditions’.
In economic news, consumer prices were unchanged in the three months to December, following a 0.6% rise in the third quarter of 2011.
The latest reading is the lowest since the final three months of 2008. At an annual rate, the headline CPI figure came in at 3.1%, less than the 3.3% economists had expected.
Around the region, those Asian markets still open are all trading higher; the Nikkei is up 0.9%.