The Aussie market started the week on a positive note following the strong lead from Wall Street on Friday night.

However shares came well off their highs amid lingering concerns over Italy's debt issues.

The banks had a mixed day; CBA was the best of the big four, rising 0.5%. Rival ANZ finished lower by 0.2%.

The big miners also lost ground, with BHP declining 0.8% and Rio Tinto shedding 1.1%. Orica struggled (-2.8%) after its full year profit missed expectations.

In the energy space, uranium miner Paladin Energy jumped 8.1% on the back of a big jump in 1Q revenue.

Elders were one of the big losers of the day, dropping 5.9% following its weaker-than-expected full year results.

The ASX 200 rose eight points (+0.2%) closing at 4305.

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