Aust stock market opens higher =3 Sydney

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Aust stock market opens higher =3 Sydney

Seven Network grabbed 16 cents or more than four per cent to $3.91 on news former NineNetwork executive David Leckie had been appointed as the head of its broadcast televisionoperations.

Mr Xiradis said a stronger banking sector was also contributing to the firmer market.

At 1043 AEST, NAB gained 14 cents at $32.49, CBA added 13 cents to $26.35, Westpacrose three cents to $15.24 and ANZ bounced 19 cents to $18.25.

Financial services giant AMP surged 19 cents or nearly three per cent to $7.20.

Telstra shares were one cent stronger at $4.15 at 1046 AEST with Optus parent SingTelalso increasing one cent to $1.33.

In the resource sector, BHP Billiton was up 22 cents or more than two per cent at $9.41at 1051 AEST.

Rio Tinto added 89 cents at $32.15 while Woodside Petroleum gained three cents to $10.59.

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KEYWORD: AUST STOCKS OPEN 3 SYDNEY