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Title: Australia stocks higher at close of trade; S&P/ASX 200 up 0.99%

May 18, 2022 03:45AM ET

By: AnalysisWatch

Australian stocks rose after Wednesday's close, thanks to gains in the Metals & Mining, Materials and Resources sectors.

At the close in Sydney, the S&P/ASX 200 was up 0.99%.

The best performance of the session on the S&P/ASX 200 was Champion Iron Ltd (ASX:CIA), which rose 5.29% or 0.37 points to reach 7.37 at the close. Meanwhile, South32 Ltd (ASX:S32) added 5.15% or 0.23 points to close at 4.70 and Corporate Travel Managment Ltd (ASX:CTD) rose 5.07% or 1.08 points to 22.39 at the close of trade.

The worst performers of the session were Polynovo Ltd (ASX:PNV), which lost 4.63% or 0.06 points to close at 1.24. Sims Metal Management Ltd (ASX:SGM) fell 3.41% or 0.63 points to close at 17.85 and AP Eagers Ltd (ASX:APE) dropped 3.28% or 0.39 points to 11.50.

Rising stocks outnumbered those falling on the Sydney Stock Exchange (879 to 549) and 385 were unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of options on the S&P/ASX 200, fell 3.65 per cent to 16.59.

Gold futures for June delivery fell 0.25 percent or 4.58 percent to $1,814.32 a troy ounce. In other commodities trading, crude oil for July delivery rose 1.42 percent or 1.56 percent to $111.19 a barrel, while the July Brent oil contract rose 1.09 percent or 1.22 percent to $113.15 a barrel.

AUD/USD was unchanged at 0.23% at 0.70, while AUD/JPY fell 0.33% to 90.65.

US dollar index futures rose 0.19% to 103.61.

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