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SYDNEY, Jan 23 AAP

January 23 2013, 10:12AM

The Australian share market has opened a third of a per cent higher.

At 1010 AEDT on Wednesday, the benchmark S&P/ASX200 index was up 16.5 points, or 0.34 per cent, at 4,795.6, while the broader All Ordinaries index was up 16.0 points, or 0.33 per cent, at 4,818.9.

On the ASX 24, the March share price index futures contract was up 17 points at 4,759, with 7,730 contracts traded.