Reuters: Hot Stocks: Australia shares finish at 21-month high, CBA soars

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Australia shares finish at 21-month high, CBA soars Jan 29th 2013, 05:20 Tweet Share this Email Print Related Topics Basic Materials » Energy » Industrials » Tue Jan 29, 2013 12:20am EST (Updates to close) SYDNEY, Jan 29 (Reuters) - Australian shares rallied 1.1 percent to a fresh 21-month high, led by financial stocks, when trade resumed on Tuesday after a three-day holiday weekend. Westpac Banking Corp led the financials higher, soaring 2.4 percent. Australia's biggest lender, the Commonwealth Bank of Australia, rose 1.8 percent to reach an all-time high of A$64.73. The S&P/ASX 200 index ended 53.8 points higher at 4,889 according to latest data. On Friday, the benchmark rose 25 points at 4,835.2. The market was closed on Monday for the Australia Day holiday. New Zealand's benchmark NZX 50 index finished 4.1 points lower to 4,200.3. (Reporting by Thuy Ong; Editing by Richard Borsuk) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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