Aust stocks close slightly higher
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The Australian sharemarket edged higher today after the iron ore price held steady and the Commonwealth Bank reached a fresh record high.
At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index added 14.3 points, or 0.26%, to 5,510.8, while the broader All Ordinaries index put on 14.3 points, or 0.26%, to 5,490.2 points.
CMC Markets sales trader Betty Lam noted early buying support for BHP today as the iron ore price held steady.
She also noted strong gains in Commonwealth Bank shares.
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