Flight Centre surged 8.1 per cent as it returned to trading, and the big miners advanced as iron ore prices hovered at a seven-month high.
A bumper session by Flight Centre led the Australian sharemarket to a nine-month high on Wednesday ahead of another expected interest rate increase by the US Federal Reserve.
Flight Centre said it has successfully completed the $180 million institutional placement to fund the acquisition. The company also aims to raise as much as $40 million in a share purchase plan.P/ASX 200 climbed 0.3 per cent, or 25 points, to 7501.7, its highest closing level since last April. The broader All Ordinaries index firmed a similar amount to 7709.7.
Commonwealth Bank touched a record high of $110.81 before closing the session up 0.1 per cent at $110.15. ANZ climbed 0.8 per cent to $25.28, National Australia Bank fell 0.2 per cent to $31.73 and Westpac shed 0.5 per cent to $23.60.
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