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Australia shares end higher for a third day, banks in demand

Published 16/07/2015, 04:22 pm
© Reuters.  Australia shares end higher for a third day, banks in demand
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(Updates to close)

SYDNEY, July 16 (Reuters) - Australian shares rose for a third straight session on Thursday, underpinned by gains in the financial sector that lifted Commonwealth Bank to a two-month closing high.

The benchmark S&P/ASX 200 index .AXJO closed up 33.4 points, or 0.6 percent, at 5,669.6. It touched 5,691.2 - a level last seen on June 24.

Commonwealth Bank CBA.AX shares put on 1.0 percent to A$87.96, having touched a session high of A$88.41.

Also firmer, New Zealand's benchmark NZX 50 index .NZ50 climbed 18.2 points, or 0.3 percent, to 5,824.2.

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