Title: Australia stocks higher at close of trade; S&P/ASX 200 up 0.81%

Jul 07, 2022 03:45AM ET

By: AnalysisWatch

Australian shares rose after the close on Thursday, with gains in the metals and mining, materials and resources sectors driving shares higher.

At the close of the Sydney Bourse, the S&P/ASX 200 index was up 0.81 percent.

The best performers during the session on the S&P/ASX 200 were Link Administration Holdings Ltd., which rose 6.27% or 0.24 points to close at 4.07.

Meanwhile, Inghams Group Ltd. added 5.84% or 0.15 points to close at 2.72 points and South32 Ltd. rose 4.82% or 0.17 points to close at 3.70 points in late trade.

The worst performer during the session was EML Payments Ltd, which fell 9.86% or 0.14 points to trade at 1.28 at the close.

Lynas Rare Earths Ltd fell 6.21%, or 0.53 points, to 8.00 and Pointsbet Holdings Ltd dropped 5.96%, or 0.17 points, to 2.68.

On the Sydney Stock Exchange, advancing shares outnumbered decliners by 739 to 563, while 364 ended unchanged.

The VIX index, which measures the implied volatility of S&P/ASX 200 options, fell 4.51 percent to 17.97 points.

Gold futures for August delivery rose 0.30%, or 5.15%, to $1,741.65 an ounce.

Elsewhere in commodities trading, crude oil for August delivery rose 0.54%, or $0.53 a barrel, and the September Brent contract rose 0.63%, or $0.63 a barrel.

The AUD/USD rate was unchanged at 0.68, while the AUD/JPY rate rose 0.56% to 92.62.

Futures on the US dollar index fell 0.04% to 106.86.