The local share market has gained ground in morning trade, with the interest-rate-sensitive property sector leading the way.
At lunchtime AEST on Monday, the benchmark S&P/ASX200 index was up 48.1 points, or 0.63 per cent, to 7,622.8, while the broader All Ordinaries was up 49.9 points, or 0.64 per cent, to 7,887.3.
Every sector was higher except for consumer staples, which had dipped 0.1 per cent.
Real estate was up 1.9 per cent, with Scentre Group climbing 2.1 per cent and Stockland rising 2.5 per cent after the developer maintained its 2023/24 payout guidance.
Boss Energy was the biggest mover in the ASX200, climbing 7.7 per cent to a one-week high of $4.72 after announced that its newly commissioned Honeymoon uranium mine in SA was already exceeding feasibility study forecasts.
Perpetual was up 2.4 per cent to $23.86 after the financial services giant confirmed it had entered into exclusive talks with Kohlberg Kravis Roberts & Co in relation to the potential acquisition of Perpetual's corporate trust and wealth management business.
Elsewhere in the financial sector, all the big retail banks were higher. CBA had climbed 1.0 per cent, NAB and ANZ were both up 0.5 per cent and Westpac had added 0.3 per cent.
In the heavyweight materials sector, Liontown Resources was up 2.9 per cent to $1.1525 after the lithium developer said its Kathleen Valley lithium project in WA was 85 per cent complete as of the end of March, with 900 workers on site.
It is on budget and on schedule for first production by mid-2024, Liontown said.
BHP was flat at $43.15 as the market waited for word on the next step regarding the Big Australian's potential takeover of Anglo American after BHP's initial $60 billion overture was rejected.
Elsewhere in the mining sector, Rio Tinto was up 0.3 per cent, Fortescue was down 0.2 per cent and South32 was up 3.0 per cent.
The Australian dollar was at a three-week high against its US counterpart, buying 65.67 US cents, from 65.39 US cents at Friday's ASX close.