Title: Australia stocks higher at close of trade; S&P/ASX 200 up 0.37%
May 25, 2022 03:45AM ET
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.