The share market is on track for a third consecutive day of gains.

The main indices were more than one per cent higher in early afternoon trade, as markets continue to stabilise after Monday’s drastic reaction to Greece’s failure to strike a debt deal with its creditors.

Quay Equities head of trading Tristan K’Nell said there was a risk the recent good run for shares – the market also gained one per cent on Wednesday – could lose momentum in afternoon trade.

“After a couple of good days it would not surprise me to see people take some profits ahead of the US non-farm payroll jobs numbers tonight and the uncertainty about what’s going to happen in Greece,” he told AAP.

“People don’t want to be too `risk on’ at the moment.”

The non-farm payroll data from the US is a key measure of its employment market.

Making news locally, shares in Bonds clothing owner Pacific Brands have soared after the company lifted its full year earnings guidance.

Its shares were up 9.75 cents, or 30 per cent, at 42.25 cents.

In the resources sector, BHP Billiton had gained 16 cents to $26.81, Fortescue Metals was up 1.5 cents at $1.845 while Rio Tinto had slipped 23 cents to $52.78.

The big four banks were higher, with Commonwealth Bank up 72 cents at $86.74, Westpac up 43 cents at $32.81, National Australia Bank up 31.5 cents at $33.785 and ANZ 22.5 cents higher at $32.725.

KEY FACTS

* On Thursday at 1243 AEST, the benchmark S&P/ASX200 index was up 70.4 points, or 1.28 per cent, at 5,586.1 points.

* The broader All Ordinaries index was up 68.1 points, or 1.24 per cent, at 5,574.1 points.

* The September share price index futures contract was up 57 points at 5,535 points, with 20,915 contracts traded.

* National turnover was 886 million securities worth $2.3 billion.