SYDNEY, AAP – A bounce back for CSL and gains for the banks have helped the ASX finish a busy earnings week at a record close.
Market giant CSL, which gives its full-year earnings next week, closed higher by 2.37 per cent to $297.53. Its shares recovered earlier losses from the week.
The big banks were almost all higher. The Commonwealth was the exception as investors continued to trim its share price from the record reached soon after Wednesday’s full-year earnings.
The benchmark S&P/ASX200 index closed higher by 40.7 points, or 0.54 per cent, to 7628.9.
The All Ordinaries closed up 37.2 points, or 0.47 per cent, to 7897.7.
The market gained 1.2 per cent for the week.
The Australian dollar was buying 73.37 US cents at 1621 AEST, lower from 73.61 US cents at Thursday’s close.