The share price of blood products and vaccines supplier CSL has breached the $100 mark for the second time in the company's history.
CSL passed the $100 mark at 1010 AEST during early trading on the Australian Securities Exchange on Tuesday.
The shares closed at $100.77, up $1.94 or 1.96 per cent, with 1.3 million shares changing hands.
CSL has passed $100 previously, in September 2007. Shareholders subsequently approved a three-for-one stock split in October 2007.
CSL is not the only company to have passed the $100 mark. Other companies have gone well past that level.
Mining giant Rio Tinto soared to a closing price of $156.10 in May 2008, and explosives and fertiliser supplier Incitec Pivot hit a closing price of $199.70 in June 2008.
Incitec Pivot subsequently undertook a stock split of 20-for-one to make its shares more affordable.
From October 1969 to February 1970, the shares of nickel explorer Poseidon NL shot up from around 80 cents to $280 after the company discovered a promising site for nickel mining.
But by the time Poseidon started producing nickel, the nickel price had fallen.
Poseidon shares peaked in February 1970 and then dropped away markedly.
Several other companies currently trading on the Australian Securities Exchange are pressing towards $100.
Cochlear implant supplier closed on Tuesday at $91.16.
Vitamins and supplements supplier Blackmores is at $91.80.
Banking giant Commonwealth Bank closed at $88.03.
Phillip Capital senior client adviser Michael Heffernan said the main impact of a share reaching $100 was the psychological comfort that it provided to shareholders.
"One hundred has that emotional connection. If you get 100 runs in cricket, 100 points in (Australian) football - 100 has got that magic about it," he said.
Mr Heffernan said a $100 share would not necessarily be considered expensive as long as the company whose shares were at that level was making profits and returns to warrant the price.
Mr Heffernan said that what made CSL remarkable was that it had already had a share split some years ago and had climbed to $100 again.
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