Shares finish close to record high
AFTER losing ground in the final minutes of trading yesterday, Australia’s benchmark share index ended the session just shy of its record close last week.
The ASX 200 index finished up 16.3 points, or 0.2 per cent, at 6862.3 points — less than 2 points shy of its close at 6864 last Thursday.
Burman Investments portfolio manager Julia Lee said the futures markets were predicting gains overnight in the US, helping to sustain momentum here.
Biotechnology titan CSL set another all-time high, gaining 0.9 per cent to $286.10, having gained 54.5 per cent since the start of the year.
It was “the stock that just keeps on giving”, said Ms Lee.
In mining, Fortescue Metals rose 3 per cent to $10.02, BHP gained 0.2 per cent to $38.31 while Rio Tinto was up 0.6 per cent to $97.52.
In banking, CBA rose 0.8 per cent to $81.43, ANZ 0.6 per cent to $24.99 and Westpac climbed 0.3 per cent to $24.60.