Shares bounce back over 5000

The sharemarket closed higher yesterday, re-entering the 5000-point range, with the banks leading the staged recovery from Wednesday's slide.
The ASX 200 index gained 72.1 points to 5007.8 while the All Ordinaries finished 68.9 points higher at 4976.5.
Macquarie Equities associate director Lucinda Chan said the volatility in the market was unbelievable as the market rebounded from Wednesday's inflation data.
"Yesterday was up and then dropped like a tonne of lead and then today it looks like it's eased back like nobody's business," Ms Chan said.
"We are just recovering heavily from yesterday's losses."
The market's solid performance was spearheaded by the big banks. Westpac gained 22c to $22.32, NAB added 75c to $35.75, CBA piled on 85c to $45.10 while ANZ rose 19c to $25.48.
Macquarie Bank lifted $1.78 to $62.60, St George rose 37c to $28.77 and Bendigo lifted 8c to $12.22.
Adelaide Bank jumped 25c to $13.10 after confirming that it was on track to achieve targeted cost reductions and earnings per share growth.
Bank of Queensland was up 4c at $13.93 but ambitious Bundaberg building society Wide Bay Australia was down 14c at $11.30.
BHP Billiton rallied 41c to $28.11 and Rio Tinto rose $1.58 to $75.09.
Higher oil prices helped energy stocks, with Woodside rising 40c to $43.25 and Oil Search 7c to $4.20.
Santos rose 17c to $11.42 after posting a record first-half sales revenue and production, saying it would meet its annual production targets.
Retailer David Jones rose 15c to $2.97 after lifting its second half guidance on solid fourth quarter sales.
Coles Myer added 18c to $11.80, Harvey Norman rose 14c to $3.49 while Woolworths was steady at $19.
Shares in Just Group rose 13c to $3.30 after chief financial officer Jason Murray became the fashion retailer's new chief executive.
Embattled wheat exporter AWB was forced to slash profit forecasts for 2005-06 by 25 per cent as the drought continues, pushing its shares 5c lower to $3.85.
GUD slid 51c to $7.90 after it pointed to a challenging year ahead for profit growth as it reported a 32 per cent increase in earnings for 2005-06 to $40.19 million.
Trust Company of Australia, down 6c to $10.59, said it was on track to achieve an 8 per cent lift in fiscal 2007 underlying earnings.
West Australian utility Alinta flagged a strong interim result thanks to the weather. Alinta jumped 40c to $10.36.
The goldminers drifted, with Newcrest steady at $18.75, Newmont picking up 1c to $6.91 and Lihir up 9c to $2.79.
Kingsgate Consolidated rose 20c to $4.70 after posting higher production in the last quarter.
Nickel miner Jubilee is tipping lower production in 2006-07 but said it remained confident of building its production in future years. Its shares fell 30c to $8.65.