Commonwealth shares up 3 pct after Q1 update

SYDNEY, Nov 9 (Reuters) - Shares in Commonwealth Bank of Australia Ltd (CBA) (CBA.AX), the nation's second-biggest lender, rose as much as 3 percent to A$54.32 after it reported cash net profit of about A$1.4 billion ($1.29 billion) in the first quarter.

The broader market .AXJO was up 0.4 percent.

For more, see [nCBA]. (Reporting by Morag MacKinnon)