SYDNEY, AAP – Australia’s share market closed a little higher despite its biggest company, the Commonwealth Bank, missing investors’ expectations with its first-half earnings.
The S&P/ASX200 benchmark index closed higher by 35.7 points, or 0.52 per cent, to 6856.9 on Wednesday.
The All Ordinaries closed up by 31.7 points, or 0.45 per cent, at 7133.8.
The Commonwealth Bank reported a cash profit of $3.8 billion for the first six months of 2020/21, and shares closed lower by 1.49 per cent.
The financial sector was higher despite the setback, as were most sectors.
The Aussie dollar was buying 77.38 US cents at 1617 AEDT, higher from 77.29 US cents at Tuesday’s close.