Mar 30, 2022 03:45AM ET
By: AnalysisWatch
Australian shares rose after the close on Wednesday as gains in the IT, health, and industrial sectors drove stocks higher.
At the close in Sydney, the S&P/ASX 200 was up 0.67%, setting a new one-month high.
Magellan Financial Group Ltd. was the best performer on the S & P/ASX 200, rising 8.53%, or 1.28 points, to close at 16.29. In late trade, Megaport Ltd gained 6.97% or 0.92 points to close at 14.12 and Unibail Rodamco Westfield rose 5.96% or 0.28 points to 4.98 in late trade.
Incitec Pivot Ltd. was the worst performer, falling 5.50% or 0.22 points to close at 3.78.
Ramelius Resources Ltd fell 4.58%, or 0.07 points, to close at 1.46 and Whitehaven Coal Ltd fell 3.53%, or 0.15 points, to close at 4.10.
On the Sydney Stock Exchange, rising stocks outweighed falling ones by 820 to 641, and 354 ended unchanged.
The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, fell 4.22% to 12.43, a new 1-month low.
Gold futures for April delivery rose 0.47%, or $8.90, to $1,921.10 a troy ounce. Elsewhere in commodity trading, crude oil for delivery in May rose 2.23%, or 2.32, to $106.56 a barrel, while the June Brent oil contract gained 1.92%, or 2.07, to $109.78 a barrel.
The AUD/USD was unchanged at 0.08% to 0.75, while the AUD/JPY fell 0.87% to 91.47.
Futures on the US dollar index fell 0.39% to 98.06.
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