A strong first-half performance by ANZ has lifted the financial sector, pushing the Australian share market higher.

The benchmark S&P/ASX200 index closed up 50.4 points, or 0.8 per cent, to 6,375.9 points at 1615 AEST on Wednesday, while the broader All Ordinaries closed up 48.1 points, or 0.75 per cent, to 6,466.5

The Aussie dollar is buying 70.51 US cents from 70.37 US cents on Tuesday.