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Title: Australia stocks higher at close of trade; S&P/ASX 200 up 1.05%


Mar 17, 2022 03:45AM ET


By: AnalysisWatch


Australian shares rose after the close on Thursday as gains in the IT, materials, metals, and mining sectors drove stocks higher.


At the close in Sydney, the S & P/ASX 200 was up 1.05%.


The best performer on the S&P/ASX 200 was Kogan.com Ltd, which rose 12.02% or 0.59 points to close at 5.50. Pointsbet Holdings Ltd gained 10.32%, or 0.36 points, to close at 3.85 and Zip Co Ltd rose 10.14%, or 0.15 points, to 1.57 in late trade.


Gold Road Resources Ltd was the worst performer, falling 3.28%, or 0.06 points, to close at 1.62 in late trade. Graincorp Ltd fell 2.76%, or 0.24 points, to close at 8.45 and Domino's Pizza Enterprises Ltd fell 2.22%, or 1.90 points, to 83.84.


On the Sydney Stock Exchange, rising stocks outweighed falling ones by 903 to 484, and 378 ended unchanged.


The S&P/ASX 200 VIX, which measures implied volatility in S&P/ASX 200 options, dropped 8.46% to 16.53.


Gold futures for April delivery rose 1.31%, or $25.10, to $1,934.30 a troy ounce.

Elsewhere in commodity trading, crude oil for April delivery rose 2.80%, or 2.66, to $97.70 a barrel, while the May contract for Brent crude rose 3.14%, or 3.08, to $101.10 a barrel.


AUD/USD was unchanged at 0.29%, rising to 0.73, while AUD/JPY rose 0.34% to 86.83.


98.36. US dollar index futures fell 0.26% to 98.36.

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