The Australian sharemarket closed fractionally below its highest point as investors continue to trade on an earlier than expected rate cut.
The benchmark ASX 200 index gained 46.70 points or 0.55 per cent to finish at 8493.70.
While it was fractionally off the all-time record close of 8515.2 it is a new 100-day high for the market.
The broader All Ordinaries also closed in the green gaining 45.20 points or 0.52 per cent to 8745...
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