BARGAIN-seeking investors have lifted the Australian sharemarket following heavy selling sparked by concerns about the global economic fallout of Britain leaving the European Union. 
The benchmark ASX 200 index yesterday rose 0.8 per cent, led by financial, mining and energy stocks, mirroring gains made on markets in the UK, Europe and US.
CommSec market analyst Steven Daghlian said 10 of the 12 sectors on the local market made gains.
"The Aussie market has been quite resilient compared to the US markets, the UK and in particularly Europe, where the losses have been most substantial," he said.
But volatility is expected to continue in the coming weeks given the uncertainty surrounding the Brexit.
The benchmark ASX 200 index was up 39.1 points, or 0.8 per cent, at 5142.4 points while the broader All Ordinaries index was up 41.3 points, or 0.8 per cent, at 5221.
Investment bank Macquarie Group was the biggest gainer among the nation's 20 largest companies, adding 74c to $68.65.
ANZ jumped 31c to $23.60, Westpac gained 28c to $28.80, the Commonwealth Bank added 36c to $73.46 and National Australia Bank was 11c stronger at $24.74.
BT added 43c to $8.12 while Henderson gained 2c to $3.72.Mining giant Rio Tinto jumped 63c to $44.83 and BHP Billiton gained 27c to $18.30.