The local share market is making solid and broad gains, despite some flood-related falls for the insurance sector.
The All Ordinaries index was up 46 points, or around 1 per cent, at 4,905 shortly before 1:00pm (AEDT).
The ASX 200 index was up 48 points to 4,883.
Clothing manufacturer Pacific Brands jumped nearly 4 per cent, while Myer was leading retail gains with a 2.2 per cent rise.
Woolworths was up 0.9 per cent, while Wesfarmers had risen 1.8 per cent.
Westpac had also risen 2.2 per cent, with CBA and ANZ gaining 1.5 per cent, and NAB up by 1.4 per cent.
The local airlines have not fared so well though, with flights disrupted by bad weather along much of the eastern seaboard: Qantas had slipped 1 per cent, and Virgin Australia was losing 1.2 per cent.
Shares in Australian insurance companies have fallen as flood-related claims begin to mount: QBE Insurance had fallen 2.4 per cent; Suncorp was down 2.3 per cent; and Insurance Australia Group had lost 1.7 per cent.
The mining sector has swung to some modest gains, with Rio Tinto up 0.2 per cent and BHP Billiton up 0.3 per cent, while Fortescue Metals Group gained 1.8 per cent.
Telstra was also performing strongly, up 1.4 per cent.
The Australian dollar had risen against the greenback to around 104.38 US cents.