Big miners buoyed the local market today on higher commodity prices and increased buying from china into resources stocks.
BHP Billiton rose 2.5%, Rio Tinto climbed 4.9% and Fortescue jumped 7.8%.
Macquarie Group completed an equity raising of $540 million and the shares recovered 1.6% today.
The benchmark S&P/ASX200 index up 3%, or 113.4 points, at 3883.
BHP Billiton (ASX:BHP) was up 82 cents at $33.00, Rio Tinto (ASX:RIO) was up $3.12, $67.30, Fortescue Metals (ASX:FMG) was up 7.7% at at $2.52, OZ Minerals was up 1.5 cents, or 1.9%, at 79.5 cents and Mirabela Nickel soared 23 cents to $2.12.
Gold miners were mixed, Lihir (ASX:LGL) was up 1 cent at $2.95 and Newcrest Mining (ASX:NCM) was up 45 cents, or 1.5%, at $30.50.
In oil stocks, Santos (ASX:STO) was down 13 cents, or 0.8%, to $16.29 and Woodside Petroleum (ASX:WPL) was up 4 cents, or 0.1%, to $38.42.
Macarthur Coal (ASX:MCC) was up 24 cents at $4.56, Centennial Coal (ASX:CEY) was up 10 cents, at $1.97, Arrow Energy (ASX:AOE) was up 19 cents at $3.59 and Riversdale Mining (ASX:RIV) was up 47 cents, at $5.10.
Banks were higher, ANZ Bank (ASX:ANZ) was up 62 cents, or 3.9%, at $16.62, Commonwealth Bank (ASX:CBA) was up $1.55, or 4.4%, at $36.60, NAB (ASX:NAB) was up 94 cents, or 4.5%, to $21.70, Westpac (ASX:WBC) added 55 cents, or 2.9%, to $19.50 and Macquarie Group (ASX:MQG) was up 54 cents at $34.02.