Australia Stocks Higher as Sectors Lead Gains
SYDNEY – Australia stocks were higher after the close on Monday, as gains in the sectors led shares higher. At the close in Sydney, the index rose 0.09%.
The best performers of the session on the index were A2 Milk Company Ltd, which rose 14.55% or points to trade at at the close. Meanwhile, Appen Ltd added 9.23% or points to end at and Reliance Worldwide Corporation Ltd was up 5.67% or points to in late trade.
The worst performers of the session were Lend Lease Group, which fell 14.51% or points to trade at at the close. Nuix Ltd declined 11.05% or points to end at and Orora Ltd was down 6.21% or points to .
Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 603 to 559 and 310 ended unchanged.
Shares in Reliance Worldwide Corporation Ltd rose to 52-week highs; gaining 5.67% or to .
The index, which measures the implied volatility of S&P/ASX 200 options, was down 0.94% to .
Gold Futures for April delivery was up 0.36% or to a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April fell 0.76% or to hit a barrel, while the April Brent oil contract fell 0.74% or to trade at a barrel.
AUD/USD was unchanged 0.20% to , while AUD/JPY rose 0.15% to .
The US Dollar Index Futures was down 0.05% at .
(Source: Bloomberg)
Analyst comment
Positive news: The Australian stocks were higher after the close on Monday, with gains in certain sectors leading to an increase in shares. The best performers were A2 Milk Company Ltd, Appen Ltd, and Reliance Worldwide Corporation Ltd.
As an analyst, it is expected that the market will continue to see some positive movement, with the mentioned companies likely to maintain their gains. However, it is important to monitor falling stocks and market volatility.
