Market higher despite commodity weakness

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The share market is higher as gains in the health and financial sectors more than offset falls among miners and energy companies.

Weaker commodity prices are weighing on the resources sector, with BHP Billiton, Rio Tinto and Fortescue Metals all lower, while falls by energy producers Woodside, Oil Search, Santos and Origin Energy were even heavier.

But the big four banks were in positive territory, while the healthcare sector was the best performer, led by ResMed, which was more than six per cent higher after increasing annual profit and securing a deal to increase its presence in China.

KEY FACTS

* At 1210 AEST, the benchmark S&P/ASX200 index was up 17.9 points, or 0.32 per cent, at 5,687.3.

* The broader All Ordinaries index was up 17.3 points, or 0.31 per cent, at 5,670.4.

* The September share price index futures contract was 15 points higher at 5,629, with 10,809 contracts traded.

* National turnover was 854 million securities worth $3.4 billion.