David Jones shares began the day suspended ahead of a shareholder vote but they rose 1. 3 per cent in the wake of overwhelming support for a $2. 2 billion takeover by South African retailer Woolworths.
The big four banks all gained at least 0. 5 per cent, led by a 0. 6 per cent gain for the Commonwealth. Suncorp rose 0. 5 per cent and the Bank Of Queensland went up 1. 25 per cent but AMP fell 0. 9 per cent.
However, market heavyweight Telstra rose 0. 75 per cent while retailers also posted gains.
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