Australian stocks are stronger, with the financial and consumer discretionary sectors leading the broader market higher.
At 9.23am, the benchmark S&P/ASX200 index was up 33.9 points, or 0.67 per cent, at 5067.8 points, while the broader All Ordinaries index had risen 33.5 points, or 0.66 per cent, to 5088.1 points.
On the ASX 24, the March share price index futures contract was up 48 points at 5043 points, with 15,159 contracts traded.
The local market has extended its gains after opening about 0.4 per cent higher with consumer discretionary stocks the best-performers, rising 1.44 per cent according to IRESS data.
Pacific Brands was up 4.5 cents, or 6.16 per cent, at 77.5 cents, after reporting first half net profit of $38.9 million, a big turnaround from the $362 million loss in prior corresponding period.
In percentage terms, Pacific Brands posted the second largest gain among S&P/ASX200-listed stocks.
Financial stocks were also having a good day, rising 1.12 per cent.
ANZ rose 56 cents to $28.33, NAB gained 70 cents to $30.21 and Westpac was up 81 cents at $29.96.
However, CBA, which was trading without a dividend, was down 77 cents at $66.26.
In other news, BlueScope Steel reported a $12 million loss for the first half 2012/13, an improvement from the $530 million loss in the prior corresponding period.
Its shares were up 54.5 cents, or 14.46 per cent, at $4.315. In percentage terms, it was the best-performing company on the S&P/ASX100.
Also going ex-dividend, Telstra was down seven cents at $4.56.
Lonsec private client adviser Michael Heffernan said the market was having a very good day, driven by domestic earnings results.
And, it was showing strong gains despite two of the bourse's larger stocks - Telstra and CBA - going ex-dividend.
"I think it has been a stunning day," Mr Heffernan said.
"It really is impressive."
The spot price of gold in Sydney was $US1615.70 per fine ounce, down $US17.49 from Friday's local close of $US1633.19 per ounce.National turnover was 1.1 billion securities worth $5.2 billion, with 492 stocks up, 389 down and 329 unchanged.
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