Energy, Materials Stocks Lead ASX Gains

A man looks at an electronic board displaying stock information at the Australian Securities Exchange, operated by ASX Ltd. in Sydney, Australia, on March 16, 2020. Brendon Thorne/Getty Images

Investors are smiling in early trade on the Australian share market, which is being pushed along by energy, materials and IT stocks.

The S&P/ASX200 benchmark index was higher by 57.2 points, or 1.06 percent, at 5450.6 points after the first 15 minutes of trade on April 30.