Australia Stocks Higher at Close of Trade; S&P/ASX 200 Up 1.01%
At the close in Sydney, Australia stocks were up, led by gains in various sectors. The S&P/ASX 200 index rose by 1.01% on Tuesday.
Top Performers of the Day
EML Payments Ltd was the best performer, increasing by 5.08% or 0.05 points to close at 0.93. Another notable gainer was Atlas Arteria, which added 4.68% or 0.22 points to end at 4.92. Mesoblast Ltd also performed well, going up by 4.13% or 0.05 points to 1.13 in late trade.
Low Performers of the Day
On the downside, Fortescue Metals Group Ltd saw the biggest drop, falling 5.40% or 1.24 points to trade at 21.74 by the close. Nine Entertainment Co Holdings Ltd declined by 2.84% or 0.04 points to close at 1.37, and Beach Energy Ltd was down 2.72% or 0.04 points to 1.52.
Market Breadth
On the Sydney Stock Exchange, 594 stocks rose while 561 stocks fell and 476 remained unchanged. This shows a mixed market performance with slightly more gainers than losers.
Volatility Index
The volatility index, which measures the implied volatility of S&P/ASX 200 options, decreased by 2.98% to 10.82.
Commodities Trading
In commodities, Gold Futures for August delivery went up by 0.29% or 6.70 points, trading at $2,335.70 per troy ounce. On the other hand, Crude oil for August delivery fell by 0.23% or 0.18 points, settling at $79.54 a barrel. Similarly, Brent oil for August contract dropped by 0.21% or 0.18 points to trade at $84.07 a barrel.
Currency Markets
The AUD/USD pair remained unchanged at 0.26% with a value of 0.66. Meanwhile, the AUD/JPY pair went up by 0.34% to 104.66.
US Dollar Index Futures
The US Dollar Index Futures, which measures the strength of the dollar against a basket of other currencies, was slightly up by 0.06% to 105.00.
This spike in the Australian stock market reflects a positive trading day, boosted by strong performances in specific sectors. Keep an eye on further market developments and analyze how these trends might affect your investments.
