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The Australian share market has moved higher as the heavyweight mining and financial sectors pulled in opposite directions.

The benchmark S&P/ASX200 index was up 10.3 points, or 0.15 per cent, to 6,675.7 points at 1200 AEST on Tuesday, while the broader All Ordinaries was up 8.9 points, or 0.13 per cent, to 6,754.4.

The materials sector led gains, advancing 0.79 per cent by midday.

Mining giant BHP was up 0.46 per cent to $41.39, Rio Tinto was up 1.17 per cent to $102.92, and Fortescue Metals was up 0.62 per cent to $8.875.

But most of the big four banks were lower, with ANZ down 0.05 per cent to $28.665, Commonwealth down 0.37 per cent to $82.39 and NAB down 0.48 per cent to $26.81.

The outlier was Westpac, which gained 0.28 per cent to $28.41.

Elsewhere, the telecommunications sector performed strongly, adding 0.43 per cent.

Telstra was up 0.52 per cent to $3.86 and Hutchison Telecommunications was up 4.35 per cent to 12 cents.

Collins Food was up 1.24 per cent to $7.765 after the fast food franchisor said strong sales at its KFC outlets helped the company boost its full-year profit.

Domino’s was down 1.83 per cent after Therium Litigation Finance said it was funding a class action against the Australian pizza giant, claiming its franchises had systemically underpaid workers.

The Aussie dollar is buying 69.64 US cents, from 69.55 US cents on Monday.