Aust stocks rise at noon

Local market lifts after record highs on Wall St overnight despite CBA apology.

The Australian sharemarket is stronger at noon, buoyed by record highs on Wall Street overnight, with investors undeterred by the Commonwealth Bank's promise of a review into fraud in its financial planning arm.

At 12.05pm (AEST), the benchmark S&P/ASX200 index added 35.4 points, or 0.65%, to 5,490.8 points, while the broader All Ordinaries index gained 36.4 points, or 0.67%, to 5,478.1 points.

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