Share prices head back up as market ripples settle

The sharemarket closed higher on Friday after starting to cast off some of the volatility of recent months.
The S&P/ASX 200 index increased 15 points to 5135.3 and the All Ordinaries 18.4 to 5096.5.
Market leader BHP Billiton rose 25c to $29.05 and Rio Tinto 75c to $78.34.
The banks were mixed. National Australia Bank rose 16c to $36.18 and ANZ 4c to $26.82. Commonwealth Bank fell 20c to $45.15 and Westpac 8c to $23.20.
Newcrest was one of the biggest movers. The goldminer fell $1.25 to $20.95 after announcing net profit for 2006-07 would not be as high as some analysts had expected.
Until the announcement, there had been speculation Newcrest might be a takeover target.
Rival goldminer Newmont fell 5c to $7.45 and Lihir Gold was steady at $3.03.
Oil producer Woodside Petroleum rose 41c to $46, Santos 4c to $12.38 and Oil Search 12c to $4.25. Oil fell US0.05c last night to $US75.14 a barrel.
ASX rose 56c to $33.95 after reporting a 26 per cent lift in annual net profit thanks to record trading levels. The figure is unaudited and a full profit report is due in August.
SFE, which merges with ASX on July 25, rose 30c to $17.30.
Shares in child care provider ABC Learning Centres rose 6c to $6.83 after it announced a friendly $96.2 million off-market takeover offer for Hutchison's Child Care Services.
Hutchison's, which backs the offer, rose 22c to $1.47.
In media, News Corp fell 11c to $26.75 and its non-voting stock 22c to $25.36. PBL rose 26c to $18.09 and John Fairfax 5c to $3.76.
Retailer Woolworths rose 10c to $20.20 and Coles Myer 17c to $11.89.
Telstra was steady at $3.75.
The top traded stock by volume was Extract Resources, with 53.25 million shares worth $5.04 million changing hands. Extract rose 1.2c to 9.8c.