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Title: Australia stocks higher at close of trade; S&P/ASX 200 up 0.23%

Jul 13, 2022 03:45AM ET

By: AnalysisWatch

Australian stocks rose after the close on Wednesday, with growth in the consumer goods, IT and telecom services sectors driving shares higher.

At the close of the Sydney session, the S&P/ASX 200 index was up 0.23 percent.

The best-performing index on the S&P/ASX 200 during the session was Megaport Ltd., rising 7.32%, or 0.45 points, to close at 6.60.

Meanwhile, Pointsbet Holdings Ltd. added 5.37%, or 0.13 points, to close at 2.55 and Pilbara Minerals Ltd. rose 5.36%, or 0.12 points, to close at 2.36 in late trade.

The worst performer during the session was Woodside Energy Ltd, which fell 2.90 per cent, or 0.90 points, to trade at 30.10 at the close.

Viva Energy Group Ltd. fell 2.85% or 0.08 points to 2.73 and Perenti Global Ltd. dropped 2.48% or 0.02 points to 0.59.

On the Sydney Stock Exchange, advancing shares outnumbered decliners by 670 to 606, while 385 ended unchanged.

Shares of Perenti Global Ltd. fell to a 52-week low, losing 2.48 percent, or 0.02 points, to 0.59.

The S&P/ASX 200 VIX Index, which measures implied volatility in S&P/ASX 200 options, dropped 3.50 percent to 17.60.

Gold futures for August delivery fell 0.09%, or 1.55, to $1,723.25 an ounce.

Elsewhere in commodities trading, crude oil for August delivery rose 1.21%, or $1.16, to $97.00 a barrel, while the September Brent contract rose 1.24%, or $1.23, to trade at $100.72 a barrel.

The AUD/USD rate was unchanged at 0.68, while the AUD/JPY rate rose 0.35% to 92.80.

Futures on the US dollar index rose 0.26% to 108.19.

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