Title: Australia stocks higher at close of trade; S&P/ASX 200 up 0.28%
Mar 02, 2022 02:45AM ET
Australian shares rose after the close on Wednesday as gains in the energy, commodities, metals, and mining sectors led stocks higher.
At the close of trading in Sydney, the S & P/ASX 200 was up 0.28%.
Polynovo Ltd. was the best performer on the S & P/ASX 200, rising 7.27%, or 0.08 points, to close at 1.18. Santos Ltd gained 6.20%, or 0.45 points, to close at 7.71 and Woodside Petroleum Ltd rose 6.14%, or 1.76 points, to 30.44 in late trade.
Pointsbet Holdings Ltd was the worst performer, falling 11.75%, or 0.49 points, to close at 3.68. Janus Henderson Group PLC DRC fell 7.30%, or 3.40 points, to 43.20, while Magellan Financial Group Ltd fell 6.43%, or 1.14 points, to 16.60.
On the Sydney Stock Exchange, falling shares outweighed rising ones by 808 to 657, and 341 ended unchanged.
Woodside Petroleum Ltd shares reached a 52-week high, rising 6.14%, or 1.76 percent, to 30.44.
The VIX of the S& P/ASX 200, which measures the implied volatility of S& P/ASX 200 options, fell 0.99% to 16.80.
Gold futures for April delivery rose 0.12%, or 2.25, to $1,946.05 a troy ounce. Elsewhere in commodity trading, crude oil for April delivery rose 7.48%, or 7.73, to $111.14 a barrel, while the May Brent oil contract gained 7.38%, or 7.75, to $112.72 a barrel.
The AUD/USD exchange rate was unchanged at 0.73, while the AUD/JPY exchange rate gained 0.34% to 83.57.
Futures on the US dollar index rose 0.15% to 97.55.