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Australian shares have opened Friday's trade higher, lifting on the modest gains from the index heavyweights while Afterpay soars.

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Australian shares have rebounded from a dip into the red just after midday to close Thursday's trade higher.

Australian shares are modestly higher on Wednesday with most of the gains coming from the banks as the market trades with caution.

Australian shares have risen to a two-month high on Tuesday, driven by the financial and energy sectors, while education provider Navitas has soared.

Australian shares closed slightly lower on Monday, weighed by Wesfarmers, while Chinese data dampened market sentiment.

The ASX fell on Friday, ending a 4 day winning streak.

Australian shares rallied late on Thursday to close higher despite avocado grower Costa Group's shares falling 39 per cent.

Australian shares traded higher on Wednesday, on the back of good news from US-China trade talks.

Australian shares climbed to their highest level in more than a month on Tuesday after rallying from an opening loss.

After a morning rally, driven by mining stocks and financial services, trading on Monday stagnated as the day progressed.

Australian shares have followed Wall Street's overnight slide to be trading firmly lower through the afternoon but have rallied slightly.