• analysiswatch

Title: Australia stocks higher at close of trade; S&P/ASX 200 up 0.97%



Jul 28, 2022 03:45AM ET


By: AnalysisWatch


Australian stocks rose after the close on Thursday, with gains in the metals and mining, materials and gold sectors leading shares higher.


At the close in Sydney, the S&P/ASX 200 rose 0.97 percent to a new one-month high.


Kogan.com Ltd. was the best performer in the S&P/ASX 200 during the session, rising 50.16%, or 1.57 points, to close at 4.70.


Meanwhile, Zip Co Ltd added 22.58%, or 0.28 points, to close at 1.52, and Pointsbet Holdings Ltd rose 20.61%, or 0.61 points, to close at 3.57 in late trade.


The worst performer in the session was Atlas Arteria, which fell 6.14%, or 0.50 points, to trade at 7.64 at the close.


Computershare Ltd. fell 3.49 percent, or 0.90 point, to 24.91, and NIB Holdings fell 2.79 percent, or 0.21 point, to 7.32.


On the Sydney Stock Exchange, advancing shares outnumbered decliners by 985 to 401, while 363 ended unchanged.


The S&P/ASX 200 VIX index, which measures the implied volatility of S&P/ASX 200 options, fell 4.80 percent to 15.25 points, a new one-month low.


Gold futures for August delivery rose 1.08%, or 18.60, to $1,737.70 an ounce.


Elsewhere in commodities trading, crude oil for September delivery rose 1.67%, or $1.62, to $98.88 a barrel, while the October Brent contract rose 1.69%, or $1.72, to trade at $103.39 a barrel.


The AUD/USD rate was unchanged at 0.70, while the AUD/JPY rate fell 0.65% to 94.83.


Futures on the US dollar index fell 0.07% to 106.26.

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