The share market continues to recoup the massive losses incurred on Tuesday, with the energy and mining stocks leading a gain of almost one per cent.
The market rose in early trade and held on to those gains through the morning, after positive sessions on markets in the US and Europe overnight.
Energy stocks that were hit hard in the market’s $56 billion plunge earlier in the week were among the better performers, with Woodside and Oil Search up 1.6 per cent and Santos up 1.3 per cent.
BHP Billiton was 1.9 per cent higher and Rio Tinto was up 1.4 per cent, while the big four banks had all added just under one per cent in value.
Thursday’s gains follow a rise of two per cent for the market on Wednesday.
KEY FACTS
* At 1200 AEST on Thursday, the benchmark S&P/ASX200 index was up 43 points, or 0.86 per cent, at 5,064.6 points.
* The broader All Ordinaries index was up 41.1 points, or 0.82 per cent, at 5,100 points.
* The December share price index futures contract was up 41 points at 5,048 points, with 18,534 contracts traded.
* National turnover was 712 million securities worth $1.6 billion.
