Shares in Australia’s largest bank, the Commonwealth Bank, today smashed through previous trading records, closing at an all time closing high of $80.99 on the ASX.
The close price was just shy of an earlier all time high of $81.29 a share reached earlier today.
CMC Chief Market Analyst Ric Spooner said the buying support is an “ongoing reaction to their quarterly result yesterday”.
Spooner said it was a “clean result”, adding banks are still returning a good dividend yield and achieving reasonable growth.
This ASX chart tracks CBA’s share price over the last ten years.
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