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CSL, CBA shares hit new highs as blue-chips rally

Tom Richardson
Tom RichardsonJournalist

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Interest rate-sensitive banking, real estate, tech, and healthcare businesses led a sharemarket rally on Friday to help shares post their third straight day of gains and finish just 1 per cent shy of a record high of 7632.8 points in August 2021.

The Commonwealth Bank hit a record intraday high of $111.43 ahead of its half-year earnings report on February 15, with $151 billion healthcare giant CSL climbing 3 per cent to a 52-week closing high of $313.81.

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/csl-cba-shares-hit-new-highs-as-blue-chips-rally-20230203-p5chqw