Market stages rebound

DRIVEN by resource and financial stocks the local share market has gained more than 2%, its biggest one-day rise in a month, as hopes build Greece will find a solution to its debt crisis after its prime minister withdrew a planned referendum that split his party.

The S&P/ASX 200 index finished the day up 2.62% or 109.3 points to 4281.1, while the All Ordinaries followed suit, jumping 105 points to 4342.5.