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Title: Australia stocks higher at close of trade; S&P/ASX 200 up 0.37%

May 25, 2022 03:45AM ET

By: AnalysisWatch

Australian shares rose after the close of the stock market on Wednesday, boosted by gains in gold, commodities, and financials.

At the close of the Sydney Stock Exchange, the S&P/ASX 200 index increased by 0.37 points.

The best performing company on the S&P/ASX 200 Index was Costa Group Holdings Ltd., up 8.59%, or 0.25 points, during the session, ending the session at 3.16. Meanwhile, Nufarm Ltd. added 5.61%, or 0.28 points, to end the session at 5.27, while Perseus Mining Ltd. was up 4.53%, or 0.09 points, to 1.96 at the close of trading.

Pro Medicus Ltd. was the worst performer during the session, declining by 5.83%, or 2.45 points, to end the trading session at 39.60 points. Elders Ltd fell by 5.80%, or 0.85 points, to close at 13.81 points, while Pointsbet Holdings Ltd dropped by 5.56%, or 0.14 points, to 2.38 points.

The number of shares falling on the Sydney Stock Exchange was 769 against 592, while 403 ended unchanged.

Shares in Pro Medicus Ltd. fell to a 52-week low, losing 5.83%, or 2.45 points, to 39.60 points.

Shares in Pointsbet Holdings Ltd. fell to a 52-week low, losing 5.56%, or 0.14 points, to 2.38

The S&P/ASX 200 VIX index, which measures implied volatility in S&P/ASX 200 options, fell 2.6% to 16,22.

Gold futures for June delivery fell by 0.46%, or USD 8.65, to USD 1.85 per troy ounce.

Elsewhere in commodity trading, the price of crude oil for July delivery rose by 1.08%, or 1.19, to USD 110.96 per barrel, while the Brent crude oil futures contract for August delivery appreciated by 1.06%, or 1.17, to USD 111.86 per barrel.

The Australian dollar/US dollar exchange rate remained unchanged at 0.71 and the Australian dollar/Japanese yen exchange rate rose by 0.29% to 90.33.

The US Dollar Futures Index increased by 0.20% to 102.07 US dollars.

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