A surging Commonwealth Bank of Australia (ASX: CBA) share price helped carry the ASX 200 higher today. Indeed, the CBA share price rose 2.3% to close at $84.53 by the session's end!
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.9% to 5809 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.8% to 5859 points
- AUD/USD at US 76.76 cents
- Iron Ore at US$91.71 a tonne, according to the Metal Bulletin
- Gold at US$1,226.40 an ounce
- Brent oil at US$55.70 a barrel
The other major banks also marched higher following Commonwealth Bank's result. The Australia and New Zealand Banking Group (ASX: ANZ) share price jumped 1.3% while National Australia Bank Ltd. (ASX: NAB) and Westpac Banking Corp (ASX: WBC) rose 2.4% and 1.8%, respectively.
The Wesfarmers Ltd (ASX: WES) share price rose 2.9%, too. This morning, it announced a 4.3% increase in revenue and a 13.2% increase in net earnings. It also said that a potential initial public offering (IPO) for its Officeworks business is being evaluated.
CSL Limited (ASX: CSL) shares got a 2.9% boost following its earnings results. Treasury Wine Estates Ltd (ASX: TWE) shares rose 3.6% while the Computershare Ltd (ASX: CPU) share price jumped 4.9%.
Not so lucky were Domino's Pizza Enterprises Ltd. (ASX: DMP) or Primary Health Care Limited (ASX: PRY). The DMP share price was slammed 14.4% despite delivering an earnings guidance upgrade. The PRY share price was also hammered 11.9%.
Meanwhile, the Aconex Ltd (ASX: ACX) share price retreated 5.4% following a strong rebound over the past fortnight. And Seven West Media Ltd (ASX: SWM) shares slipped 5.8% following its half-year results presentation.
Here are Wednesday's top stories:
