SYDNEY, Oct 5 (Reuters) - Australian shares are set to rise on Monday, underpinned by mining and energy stocks, after gold, metals and oil prices rose, but activity is likely to be thin with half the country off for a public holiday.
Local share price index futures YAPcm1 rose 1.3 percent to 5,098.0, a 46-point premium to the underlying S&P/ASX 200 index .AXJO close, pointing to a firm opening. The benchmark fell 1.18 percent on Friday.
Takeover target Oil Search Ltd OSH.AX may come under pressure after a newspaper quoted suitor Woodside Petroleum's chief executive, Peter Coleman, as saying the company did not want to raise its A$11.6 billion ($8.2 billion) all-share offer.
New Zealand's benchmark NZX 50 index .NZ50 rose 0.5 percent to 5,618.9 in early trade.
For a summary of overnight action across global markets, double click on AU/CALL
For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB
($1 = 1.4182 Australian dollars)