Official figures have confirmed that the Australian share-market managed to close at its highest level recorded in six long weeks, mainly driven by a materials and energy sector which was much stronger during the latest trading session.

A gain of 40.7 points, or 0.9%, was recorded by the benchmark S&P/ASX200 index, which closed at 4807.9 points, which is its best close since January 21. The broader All Ordinaries, on the other hand, managed to rise by 46.2 points, or almost 1%, to 4819.6 points. This has been recorded as the local market's seventh consecutive positive trading session.

Among the major leading sectors, energy shares surged by 3.7%, materials hiked by 2.1% and financials crept ahead by 0.1%.

"It does seem like people have been happy to drive those prices back above 4800, which is quite positive because we were below it at one stage. The news stories we're seeing today are very positive and we've had M&A activity with Arrow Energy. The materials sector and the energy sector does seem to be the area of leadership in our market today", said IG Markets analyst Chris Weston.

Despite the debt problems plaguing Greece, the market has lately managed to perform well, leading experts to hope for the positive numbers to continue.