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Title: Australia stocks higher at close of trade; S&P/ASX 200 up 0.27%



Apr 04, 2022 03:45AM ET


By: AnalysisWatch


Australian stocks rose after the close on Monday thanks to gains in the gold, metals, mining and utilities sectors.


At the close of trading in Sydney, the S & P/ASX 200 index rose 0.27% to hit a new one-month high.


At the close of the session, Pendal Group Ltd was the best performer, rising 18.08%, or 0.81 points, to trade at 5.29 points. Meanwhile, Magellan Financial Group Ltd added 9.71%, or 1.49 points, to end at 16.84 and Zip Co Lt rose 6.46%, or 0.10 points, to close at 1.56 in late trade.


Perpetual Ltd was the worst performer during the session, falling 6.60%, or 2.26 points, to close trading at 31.97 points. 3.25%, or 0.19 points, to 5.66 points, while Bank of Queensland Ltd. dropped 3.18%, or 0.27 points, to 8.23 points.


On the Sydney Stock Exchange, rising stocks outnumbered falling ones by 906 to 636, and 370 shares ended unchanged.


Shares in Perpetual Ltd fell to a 52-week low, dropping 6.60%, or 2.26 points, to 31.97 points. Shares of Fletcher Building Ltd fell to 52-week lows, down 3.25%, or 0.19, to 5.66 points.


The S&P/ASX 200 VIX index fell 3.80% to 12.65 points, measuring the implied volatility of S&P/ASX 200 options.


Gold futures contracts for June delivery rose 0.35%, or 6.80%, to $1,930.50 a troy ounce.


Elsewhere in commodities trading, crude oil for May delivery rose 1.01%, or $1.00, to trade at $100.27 per barrel, while the June Brent crude oil contract rose 1.00%, or $1.04, to trade at $105.43 per barrel.


The AUD/USD exchange rate remained unchanged at 0.75, while the AUD/JPY exchange rate rose by 0.47% to 92.14.


Futures contracts for the US dollar index fell 0.02% to 98.61.

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