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Shares of financial firms jumped nearly 4% at midday Wednesday, boosted by earnings from the country’s largest bank.
Commonwealth Bank of Australia (ASX:CBA) reported fiscal first-half cash earnings of AU$3.252 per share, up from AU$3.065 a year earlier.
The Bank also said an independent review confirmed that the outcomes achieved through its Prudential Inquiry Remedial Action Plan have been sustained.
On the flip side, the healthcare sector fell 3%.
CSL (ASX:CSL) reported Wednesday fiscal first-half underlying earnings of $4.03 per share, down from $4.29 a year earlier.