Shares have continued to climb during morning trade on the ASX, joining peers in Asia amid optimism over a gradually reopening world economy.
The S&P/ASX200 benchmark index was higher by 100.7 points, or 1.79 per cent, at 5716.3 points at 1200 AEST on Tuesday.
The All Ordinaries index was 101.3 points, or 1.77 per cent higher, at 5831.2.
Property stocks have been the standout performer, up 3.81 per cent as coronavirus-related restrictions on businesses continue to be eased.
Stockland was among the biggest gainers, up 5.78 per cent to $3.38.
The energy sector was next best, up 2.75 per cent.
Oil Search had the biggest gain of 4.79 per cent to $3.50. Santos, Woodside, Origin Energy and Beach Energy all had gains of more than 3.0 per cent.
Coca Cola Amatil shares were down 0.11 per cent to $8.95 after the beverage giant told shareholders COVID-19 lockdown restrictions had cut sales by a third across its major markets since April.
But with the lockdowns easing, group managing director Alison Watkins said there were good signs ahead.
Online travel platform Webjet continued its bounce amid the optimism about domstic travel restrictions being gradually lifted and was up 7.45 per cent to $4.47.
The heavyweight financial sector also improved as the morning wore on. ANZ rose 3.94 per cent to $16.20, Commonwealth Bank gained 1.68 per cent to $59.98, NAB edged higher by 3.27 per cent to $16.26 and Westpac climbed 3.88 per cent to $15.92. Macquarie Group shares also continued to rise, up 1.3 per cent to $107.52 despite ratings agency Fitch cutting outlook on its long term debt rating. The same could not be said for the big miners. BHP gained 0.26 per cent to $34.85, Rio lost 0.41 per cent to $92.13 and Fortescue lost 1.73 per cent to $13.60. Aged care provider Estia continued its gains from Monday when it said no residents at its 69 centres had tested positive for COVID-19. It was higher by 7.36 per cent to $1.60. Market giant CSL gained 0.43 per cent to $299.55. The good start to trading comes after improved business confidence and easing of restrictions in Japan and Spain helping boost global stocks and the likelihood of a fresh stimulus in Japan. Financial markets were closed on Monday in Singapore, Britain and the United States for public holidays. The Australian dollar was buying 65.69 US cents at 1200 AEST, higher from 65.24 US cents at the close of trade on Friday.