ASX 200 higher on rises in energy, bank, resource stocks THE ASX 200 is up 0.3 per cent at 5391.1, buoyed by strength in the energy sector, banks, miners and Telstra. "Any pullback will be short lived," Macquarie Private Wealth investment adviser John Milroy said. The momentum in this market is very strong. Mr Milroy's firm has a 12-month target of 5570. Origin was up 2.9 per cent and Santos was 1.8 per cent higher after their respective Australia Pacific LNG and Gladstone LNG projects joined forces to swap natural gas resources and connect key transport pipelines in a bid to cut costs and improve resource availability. Major banks were up 0.3 per cent-0.8 per cent before their upcoming earnings reports. BHP, Rio Tinto and Fortescue rose 0.3 per cent-0.4 per cent as UBS raised the Australian mining sector to overweight in its model portfolio. Telstra gained 0.6 per cent as Bell Potter reiterated its forecast rise to $6. AMP dived 4.7 per cent after predicting a lower December quarter operating profit.