The Australian share market is poised to open higher, building on the previous day’s strong gains after the S&P 500 and the Nasdaq hit record closing highs overnight.

The SPI200 futures contract was up 14 points, or 0.22 per cent, at 6,323 at 0710 AEST on Wednesday, suggesting a positive open for the benchmark S&P/ASX200.

The ASX200 surged through the 6,300-point barrier on Tuesday in the first trading session since the four-day Easter break, hitting its highest mark in more than seven months thanks to a buoyant energy sector.

The energy sector looks set for another strong performance on Wednesday after oil prices gained still further overnight.

The Australian dollar was worth 71.02 US cents, from 71.19 on Tuesday.