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Australia stocks higher at close of trade; S&P/ASX 200 up 0.67% -Breaking

by Mike Robinson

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© Reuters. Australia stocks higher at close of trade; S&P/ASX 200 up 0.67%

Investing.com – Australia stocks were higher after the close on Wednesday, as gains in the , and sectors led shares higher.

The gained 0.67% to reach a new one-month high at the Sydney close.

Magellan Financial Group Ltd., (ASX:) rose 8.53% to trade at 16.29. Meanwhile, Megaport Ltd (ASX: ) Added 6.97% (0.92 points) to finish at 14.12 Unibail Rodamco Westfield In late trade, the ASX: was up 5.96% (or 0.28 points) to 4.98

These were the worst performers of the session. Incitec Pivot Ltd (ASX) fell 5.50%, or 0.22 points, to trade at 3.78 by the close. Ramelius Resources Ltd (ASX) fell 4.58%, or 0.07 points, to close at 1.46. Whitehaven Coal Ltd was also down 3.53% (or 0.15 points) to 4.10.

Stocks that are rising outnumbered those in decline on the Sydney Stock Exchange were 820 to 641, and 354 respectively ended unchanged.

The , which measures the implied volatility of S&P/ASX 200 options, was down 4.22% to 12.43 a new 1-month low.

For April delivery, Gold Futures rose 0.47% to $1921.10 per troy an ounce. In commodities trading, crude oil rose 2.3%, or 2.32, to $106.56 per barrel in May. The June Brent oil contract rose 2.07, or 1.92%, to $109.78 per barrel.

AUD/USD was stable at 0.75 and AUD/JPY was down 0.87% to 91.47.

At 98.06, the US Dollar Index Futures fell 0.39%.

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