Shares were higher on the Australian market after the much-anticipated easing of coronavirus restrictions in Victoria and a good lead from Wall Street.
The S&P/ASX200 benchmark was higher by 62.5 points, or 1.01 per cent, to 6239.3 at 1200 AEDT on Monday.
The index was above the 6200 level that has acted as a psychological barrier for traders for months.
The All Ordinaries index was better by 61.9 points, or 0.96 per cent, to 6446.9.
All sectors were higher except for property. Health and information technology were best, up by 1.91 per cent.
Financials and materials were both up by 0.95 per cent, while industrials and utilities were higher by more than one per cent.
Victorians have woken to more freedom after COVID-19 restrictions eased overnight.
Melburnians can get a haircut, see a health professional, renovate their home, wash their car and attend an auction.
They can also travel 25km from home and there is no limit on time spent outdoors.
In regional Victoria, cafes and restaurants venues can increase capacity to 70 people outside and 40 people inside.
New South Wales will this week announce the easing of more measures.
However Australia’s acceptance of New Zealanders since Friday will come under scrutiny. Many Kiwis travelled to states and territories other than the permitted ones of New South Wales and the Northern Territory.
On the market, casino operator Crown Resorts was down 7.73 per cent to $8.29 after the financial crime watchdog said it is investigating possible money laundering and other breaches at Crown’s Melbourne operation.
AUSTRAC said it has identified potential non-compliance of anti-money laundering and counter-terrorism financing laws.
The news comes as Crown executives face an inquiry by the NSW Independent Liquor and Gaming Authority into its fitness to hold a gaming licence to operate the new casino in Sydney’s CBD.
Meanwhile artificial intelligence processor vendor Brainchip was up by 9.86 per cent to 41 cents.
ASX staff have queried Brainchip management in recent times over the shares rapid rise, given there has been little information provided.
The company will give its September quarter results on Tuesday.
Computer distributor Dicker Data rose by 8.14 per cent to $9.16 after it revealed profit before tax was 28.3 per cent higher after nine months than this time last year.
The company’s revenue was higher by 14.9 per cent to $1.4 billion, the September quarter update said.
The ASX momentum comes after two of the three US major indices closed higher on Friday.
US drugmaker Pfizer’s comments that it may file in November for US authorisation of the COVID-19 vaccine it is developing produced wide-scale optimism.
The Aussie dollar was buying 71.04 US cents at 1200 AEDT, higher from 70.77 US cents at the close of trade on Friday.