1 month ago
Stock Market

Australia stocks higher at close of trade; S&P/ASX 200 up 0.68%

Investing.com – Australia stocks were higher after the close on Friday, as gains in the A-REITs, Utilities and IT sectors

Investing.com – Australia stocks were higher after the close on Friday, as gains in the A-REITs, Utilities and IT sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 gained 0.68% to hit a new 1-month high.

The best performers of the session on the S&P/ASX 200 were Iluka Resources Ltd (AX:ILU), which rose 8.92% or 0.670 points to trade at 8.180 at the close. Meanwhile, Sims Metal Management Ltd (AX:SGM) added 6.17% or 0.580 points to end at 9.980 and Reliance Worldwide Corporation Ltd (AX:RWC) was up 5.39% or 0.230 points to 4.500 in late trade.

The worst performers of the session were Resmed Inc DRC (AX:RMD), which fell 11.73% or 1.930 points to trade at 14.520 at the close. AMP Ltd (AX:AMP) declined 7.87% or 0.200 points to end at 2.340 and Australian Pharma Industries Ltd (AX:API) was down 5.82% or 0.085 points to 1.375.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 681 to 453 and 324 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 4.21% to 11.982 a new 3-months low.

Gold Futures for February delivery was up 0.11% or 1.45 to $1281.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.22% or 0.65 to hit $53.78 a barrel, while the March Brent oil contract rose 1.06% or 0.65 to trade at $61.74 a barrel.

AUD/USD was up 0.05% to 0.7097, while AUD/JPY rose 0.20% to 77.92.

The US Dollar Index Futures was down 0.19% at 96.110.