The Australian sharemarket surrendered a strong early lead to close narrowly higher on Monday, with a new record for Commonwealth Bank and gains for the gold miners preventing the session from ending in the red.
The ASX 200 finished 9.4 points higher on Monday at 7023.6.
A strong Wall Street lead helped the local benchmark rise by as much as 0.7 per cent in morning trade before the momentum evaporated.
The S&P/ASX 200 gained 0.1 per cent on Monday, having gained by as much as 0.7 per cent at the…
