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Several Australian companies have contributed significantly to the record-high performances. Commonwealth Bank (CBA), the country's largest bank, has seen its share price surge by approximately 37% over the past year. The bank's robust performance has been bolstered by strong foreign and domestic investment, including super funds and international investors.
Additionally, the healthcare stock Promedicus experienced an extraordinary increase of nearly 150% over the same period, now valued at around $35 billion. This growth has propelled Promedicus into the top 20 largest companies on the Australian Stock Exchange (ASX), highlighting the buoyant sentiment in specific sectors.