News: XGD Australian shares end at over 5-month high as CSL, financials gain

• CSL single-handedly boosted benchmark - analyst
• ANZ climbs after resuming dividends
• Gold stocks buck upward trend

(Updates to close)

Australian shares closed at a more than five-month high on Wednesday, boosted by gains in drugmaker CSL Ltd and financial stocks, with lower infections of the novel coronavirus in the country aiding sentiment.

The S&P/ASX 200 index (xjo) ended 0.7% higher at 6,167.60, its highest close since March 6, 2020.

Shares of CSL (CSL) , one of the largest listed Australian stocks, gained 6.4% to close at their highest level since April 29 after the company posted a 17% rise in its annual profit. The stock's jump helped the Australian healthcare index .AXHJ climb about 4% at a near six-month closing high.

"CSL alone is adding close to 30 points on the ASX 200. So, that stock is single-handedly boosting the Aussie market," Steven Daghlian, market analyst at CommSec said.

The financial index .AXFJ added 1.2%, buoyed by Australia and New Zealand Banking Group (ANZ) , up 3.4%, after the lender resumed dividend payouts, having halted them early this year due to the coronavirus crisis.

The remaining three of the Big Four banks all closed around 1% higher.

Meanwhile, Australia's second most-populous state recorded 12 COVID-19 deaths, down from 17 a day earlier, signalling of a further stabilization in new cases.

"COVID-19 obviously is always at the front of buying when it comes to investment decisions at the moment," Daglian said.

Limiting gains on the benchmark, the gold index .AXGD fell 3.4% on lower bullion prices. Resolute Mining Ltd (RSG) fell 17.5% and West African Resources Ltd (WAF) lost 6.9%.

In New Zealand, the benchmark S&P/NZX 50 index (nz50) closed 0.8% lower at 11,751.3.

Top percentage losers on the benchmark were A2 Milk Company Ltd (ATM) , down 5.4%, followed by Synlait Milk Ltd (SML) , losing 4.6%.