The Australian share market is showing signs of recovery after two days of losses, with gains for energy and mining companies as oil and iron ore prices rebounded.
At noon on Wednesday, the benchmark S&P/ASX200 index was up 38.4 points, or 0.55 per cent, to 7000.2, while the broader All Ordinaries was up 40.9 points, or 0.57 per cent, to 7240.1.
Tech stocks were the biggest gainers, up 1.95 per cent, as Wisetech Global climbed 9.7 per cent to $58.14 after the cloud-based logistics company reported its net profit had risen 80 per cent to $194.6 million.
"This standout performance demonstrates the increasing resilience of our business model," founder and chief executive Richard White said, who also forecast revenue growth of up to 23 per cent and earnings growth of as much as 30 per cent.
Coles was down 4.1 per cent to $17.94 despite the supermarket giant beating consensus profit expectations and increasing its dividend.
The energy sector had gained 1.8 per cent as Brent crude moved above $US100 a barrel for the first time in two weeks on hints of production cuts from OPEC+.
Woodside was up 2.1 per cent to $34.38, while Santos had added 0.7 per cent and Beach was up 1.3 per cent.
Whitehaven Coal added 1.8 per cent to $7.89 ahead of its earnings report on Thursday, although fellow coalminer New Hope was down 0.6 per cent.
The heavyweight mining sector was up 1.2 per cent, with BHP climbing 1.6 per cent and Fortescue Metals up 0.2 per cent, although Rio Tinto was down 0.7 per cent.
The big banks were up, with ANZ rising the most, by 1.5 per cent.
Sonic Healthcare was up 4.7 per cent to $34.735 after the medical diagnostics company reported a record full-year net profit of $1.5 billion, on revenue of $9.3 billion.
The company made $2.4 billion in revenue from processing over 55 million COVID-19 PCR tests across its seven countries of operation.
"Twelve months ago, we would never have expected our COVID-related revenue to grow by 13 per cent in 2022," chief executive Colin Goldschmidt said.
Netwealth was up 8.6 per cent to $14.23 as the investment platform partner announced its funds under administration last week had hit $60 billion after increasing by $13 billion in the 12 months to June 30.
APA Group was down 1.9 per cent to $11.32 after the gas pipeline company delivered a less-than-expected $259.7 million in full-year profit.