Nearly every sector is in positive territory with IT, energy, and utilities leading the way.
In company news, Oil Search announced this morning that first-half profit more than doubled, from US$52.9 million to US$114.5 million, due to higher oil prices
Elsewhere, engineering company Monadelphous Group reported a 14% lift in full-year net profit to $95.1 million. The stock is up more than 5% on the result.
Around the region, Asian markets are generally stronger; the Shanghai Composite is up 0.5% and the Hang Seng is up 0.2%.