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Title: Australia stocks higher at close of trade; S&P/ASX 200 up 0.50%

Mar 23, 2022 03:45AM ET

By: AnalysisWatch

Australian shares rose after the close on Wednesday as gains in the IT, financial, and utility sectors drove stocks higher.

At the close in Sydney, the S & P/ASX 200 was up 0.50%, hitting a new 1-month high.

Pointsbet Holdings Ltd was the best performer in the S & P/ASX 200, rising 8.27% or 0.31 points to close at 4.06. Meanwhile, Zip Co Ltd gained 7.52%, or 0.12 points, to close at 1.65 and Ltd rose 7.30%, or 0.39 points, to 5.73 in late trading.

Austal Ltd was the worst performer, falling 11.25%, or 0.22 points, to close at 1.77.

Fisher & Paykel Healthcare Ltd fell 7.88%, or 2.03 points, to close at 23.73, and Mesoblast Ltd dropped 5.96%, or 0.07 points, to 1.11.

On the Sydney Stock Exchange, rising shares outweighed falling ones by 862 to 572, and 393 ended unchanged.

Fisher & Paykel Healthcare Ltd shares fell to a 52-week low, losing 7.88% or 2.03 to 23.73.

The S&P/ASX 200 VIX, which measures implied volatility of S&P/ASX 200 options, fell 7.85% to 14.61, a new one-month low.

Gold futures for April delivery fell 0.06%, or 1.15, to $1,920.35 a troy ounce. Elsewhere in commodity trading, crude oil for delivery in May rose 0.74%, or 0.81, to $110.08 a barrel, while the May Brent oil contract rose 0.88%, or 1.02, to $116.50 a barrel.

The AUD/USD was unchanged at 0.12% to 0.75, while the AUD/JPY rose 0.13% to 90.31.

Futures on the US dollar index rose 0.02% to 98.54.

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