Title: Australia stocks higher at close of trade; S&P/ASX 200 up 0.07%

Aug 08, 2022 03:45AM ET

By: AnalysisWatch

Australia stocks were higher after the close on Monday, as gains in the Metals & Mining, Resources and Energy sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 added 0.07% to hit a new 1-month high.

The best performers of the session on the S&P/ASX 200 were OZ Minerals Ltd (ASX:OZL), which rose 35.25% or 6.67 points to trade at 25.59 at the close. Meanwhile, Appen Ltd (ASX:APX) added 13.18% or 0.58 points to end at 4.98 and Beach Energy Ltd (ASX:BPT) was up 6.65% or 0.12 points to 1.85 in late trade.

The worst performers of the session were Suncorp Group Ltd (ASX:SUN), which fell 4.64% or 0.54 points to trade at 11.11 at the close. Magellan Financial Group Ltd (ASX:MFG) declined 3.60% or 0.54 points to end at 14.46 and Credit Corp Group Ltd (ASX:CCP) was down 3.58% or 0.83 points to 22.35.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 729 to 665 and 399 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 3.62% to 14.99.

Gold Futures for December delivery was up 0.18% or 3.15 to $1,794.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.62% or 0.55 to hit $89.56 a barrel, while the October Brent oil contract rose 0.63% or 0.60 to trade at $95.52 a barrel.

AUD/USD was up 0.81% to 0.70, while AUD/JPY rose 0.87% to 94.07.

The US Dollar Index Futures was down 0.30% at 106.18.