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AAP
AAP
Business
Adrian Black

Aussie shares at three-month high as big bank hits peak

The Commonwealth Bank's share price has soared to an all-time high. (Morgan Sette/AAP PHOTOS)

Australian shares have closed at a three-month high following the Reserve Bank's interest rate cut.

The S&P/ASX200 rose 43.5 points, or 0.52 per cent, to 8,386.8, as the broader All Ordinaries gained 38.3 points, or 0.45 per cent, to 8,611.7.

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