A handful of profit downgrades held back Australian shares from a better result on Tuesday, when index heavyweight CSL reaffirmed its expectations for full-year profit.
CSL added 0.9 per cent to $307.75, contributing 4.5 of the benchmark index’s 13 points of gains. The S&P/ASX 200 Index rose 0.2 per cent to 7430.9; the All Ordinaries advanced by the same margin to 7628.6.
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Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com
