The local share market has lifted in the morning session, buoyed by a recovery from the mining giants, putting the bourse on pace to snap its two-week weekly losing streak.
At midday on Friday, the benchmark S&P/ASX200 index was up 24.2 points, or 0.35 per cent, to 6872.9. The All Ordinaries was up 28.8 points, or 0.41 per cent, to 7114.1.
With four of hours of trading left, the ASX200 was up 0.6 per cent since last Friday's close, with Thursday's rally outweighing Wednesday's selloff.
Seven sectors were down and four were up, but the heavyweight mining sector had gained 2.3 per cent and was the market's biggest mover at midday.
BHP had added 2.3 per cent to $37.74, Rio Tinto had added 1.3 per cent to $93.07, and Fortescue Metals had gained 5.6 per cent to $17.725.
Mineral Resources rocketed 12.2 per cent to $70.63 after the Australian Financial Review reported the miner was considering spinning off its lithium business.
Mineral Resources didn't deny the report but said any plans weren't advanced or certain enough to warrant disclosure.
Energy, which had a dismal session on Thursday due to the tumbling price of oil, recovered with a 0.4 per cent advance.
Woodside Energy grew 0.9 per cent to $32.38 and Paladin Energy added 3.8 per cent to 95.5c . Santos dipped 0.5 per cent to $7.73, while Beach Energy was up 0.2 per cent to $1.6525.
The coalminers also had a good morning, with New Hope increasing 1.7 per cent to $5.53 and Whitehaven Coal rising 1.4 per cent $8.60.
Yancoal had surged 5.8 per cent to $6.94 after majority shareholder China-based Yankuang Energy, terminated its takeover bid for the coalminer.
Tech continued to grow for the fourth consecutive day, up 0.5 per cent from Thursday. Tyro gained another 9.1 per cent to $1.33 after the EFTPOS machine provider announced on Thursday it had rebuffed a $693 million tentative takeover by private equity firm Potential Capital.
The big four banks also saw some increases with Westpac adding 0.9 per cent to $21.36, ANZ growing 1.24 per cent to $23.185, NAB up 0.8 per cent to $29.85, and CBA adding 0.6 per cent to $95.76.
Every other sector was down. Consumer staples was the biggest laggard, dropping 1.4 per cent after the RBA announced they would continue rate hikes at a less aggressive pace.
In health, Ramsay Healthcare slipped 1.0 per cent following the termination of talks to sell its Asian joint venture to Malaysian-based group IHH Healthcare.
Neuroscientific added 13.6 per cent despite announcing the resignation of chief Matt Lidelow. The biopharmaceuticals company announced on Wednesday that its lead research candidate had failed to receive approval to progress to human trials by the Human Research Ethics Committee, which caused NSB shares to plummet 61.9 per cent.