Shares make up for last week's losses

The sharemarket burst back into record territory yesterday, recovering all of Friday's losses, with the miners and banks the major movers - as usual.
The ASX 200 index closed 56.5 points higher at 6369, while the All Ordinaries was up 52.8 at 6372.5.
ABN Amro Morgans private client adviser Bill Bishop said the market had benefited from a strong Friday on Wall Street and a rise in commodity prices.
"A very strong performance from the banks in particular. Macquarie Bank is down, but it's just gone ex [dividend].
"St George Bank is up almost 2 per cent. Commonwealth Bank is up, NAB's up. They all had a massive run.
"The miners have had a big day. Commodity prices have risen quite strongly."
Mr Bishop forecast that the markets would continue to trade solidly today.
"It's a reasonable bet … It's a jolly good market. Watch this space, the oceans of cash are lapping at the shores once again."
The bellwether resources stocks performed well. BHP Billiton ascended 47c to $31.18, while Rio Tinto was up $1.38 at $92.29.
Meanwhile, the banks were mostly higher, with the Commonwealth up 80c to $55.43, ANZ up 6c to $29.93, and NAB up 11c to $43.09. However, Westpac fell 3c to $26.97.
St George jumped nearly 2 per cent, up 73c to $37.48, and investment bank Macquarie fell 10c to $97.
Energy stocks were mixed, despite a slight rise in the crude price on Friday.
Woodside fell 2c to $43.30 but Oil Search gained 4c to hit $4, the first time there in nine months. Santos was up 5c at $12.74.
In Perth yesterday Ian Cockerill, the head of the world's fourth largest gold producer, Gold Fields, said the outlook for gold was positive.
Mr Cockerill told delegates at the Paydirt conference that the gold price was trending upwards.
But the local miners showed little of this buoyancy, with Newmont rising just 2c to $4.77, Lihir 7c to $3.23 and Newcrest 4c to $22.24.
The bid for APN News & Media by Tony O'Reilly's Independent News & Media appears to have hit a wall. Major shareholder Perpetual confirmed it would oppose the offer.
APN closed down 20c at $5.78. Perpetual was up $1.06 at $82.06.
News Corp was up 40c to $28.85, the non-voters 45c stronger at $26.85.
Fairfax dropped 4c to $4.93, while PBL dipped 2c to $20.92.
The retailers were in better shape, with Australia's largest grocer, Woolworths rising 49c to $28.71. Rival Coles inched up 4c to $17.70 and upmarket retailer David Jones grew 8c to $5.36.
Telstra fell 1c to $4.85 and the partly paids were steady at $3.39.
And former takeover target Qantas rose 5c to $5.27.
Slater & Gordon made legal and corporate history as the first law firm in Australia to list on a stock exchange. The shares closed at $1.40, 40c higher than the issue price.
The most traded stock of the day was nickel explorer Australian Mines: 168.43 million shares worth $26.8 million traded. It closed up 6.5c at 18c.