ASX-listed James Hardie third-biggest gainer on benchmark after completing AZEK deal

ASX-listed shares of James Hardie Industries JHX.AX jump 5.2% to A$42.89, their highest level since March 21

Stock is the third-biggest gainer on benchmark ASX200 index .AXJO, which is up 0.8% and set for a record closing high

Cement products maker says it has completed its $8.75 bln acquisition of U.S. artificial decking maker AZEK

In May, JHX projected tepid earnings growth for its North America business alongside a decline in annual profit, raising concerns over the acquisition

Stock down 14.3% YTD