The Australian share market has closed higher, despite the energy sector again dragging on the broader market.

At the close on Thursday, the benchmark S&P/ASX200 index was 27.9 points, or 0.52 per cent, higher at 5,381.5, while the broader All Ordinaries index was up 24.9 points, or 0.47 per cent, at 5,359.4, according to preliminary figures.

On the ASX 24, the March share price index futures contract was 31 points higher at 5,346, with 24,893 contracts traded.