The Australian share market has regained morning losses and is trading slightly higher.
The major banks were responsible for lifting the market at 1212 AEDT on Wednesday.
The ANZ Bank, National Australia Bank and Westpac all rose by more than one per cent and the Commonwealth Bank was also higher, albeit by just under half a per cent.
Energy and materials continued to sit in the red in the wake of weak Chinese economic data and lower commodity prices, however not as low as earlier on Wednesday.
Origin Energy and Woodside Petroleum both down more than two per cent and mining giants BHP Billiton and Rio Tinto were down more than three per cent.
* At 1212 AEDT, the benchmark S&P/ASX200 index was up 8.3 points, or 0.16 per cent, at 5116.3 points.
* The broader All Ordinaries index was up 7.1 points, or 0.14 per cent, at 5176.6 points.
* The March share price index futures contract was up 4 points at 5,115 with 21,905 contracts traded.
* National turnover was 892 billion securities traded, worth $1.75 billion.