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Title: Australia stocks higher at close of trade; S&P/ASX 200 up 0.19%

May 11, 2022 03:45AM ET

By: AnalysisWatch

Australian shares advanced after the close Wednesday as gains in the health care, A-REITs, and metals and mining sectors led stocks higher.

At the close of trading in Sydney, the S & P/ASX 200 was up 0.19%. Ltd. was the best performer in the S & P/ASX 200, rising 6.29%, or 0.22 points, to close at 3.72. In late trading, Nanosonics Ltd. gained 5.38%, or 0.19 points, to close at 3.72 and Polynovo Ltd. rose 4.65%, or 0.05 points, to 1.13 in late trading.

Link Administration Holdings Ltd was the worst performer, falling 15.09% or 0.75 points to close at 4.22.

Healius Ltd fell 4.52%, or 0.19 points, to 4.01 and National Australia Bank Ltd dropped 3.93%, or 1.25 points, to 30.53.

On the Sydney Stock Exchange, rising stocks outweighed falling ones by 768 to 676, and 373 ended unchanged.

The S&P/ASX 200 VIX, which measures implied volatility in S&P/ASX 200 options, dropped 12.20% to 18.79.

Gold futures for June delivery rose 0.44%, or $8.03, to $1,849.03 per troy ounce. Elsewhere in commodities trading, crude oil for June delivery rose 2.15%, or 2.14, to $101.90 a barrel, while the July Brent oil contract gained 2.17%, or 2.22, to $104.68 a barrel.

The AUD/USD rate remained unchanged at 0.56% to 0.70, while the AUD/JPY rate rose 0.23% to 90.65.

Futures on the US dollar index fell 0.26% to 103.67.

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