Title: Australia stocks higher at close of trade; S&P/ASX 200 up 1.06%

Apr 29, 2022 03:45AM ET

By: AnalysisWatch

Australian shares rose after the close on Friday as gains in the IT, telecommunications services, and gold sectors drove shares higher.

At the close in Sydney, the S & P/ASX 200 rose 1.06%.

Among the best performers on the S&P/ASX 200 were Pointsbet Holdings Ltd., which rose 10.70%, or 0.29 points, to close at 3.00. Meanwhile, Zip Co Ltd gained 7.88% or 0.08 points to close at 1.09 and Nickel Mines Ltd rose 7.35% or 0.09 points to 1.32 in late trading.

Kogan.com Ltd was the worst performer, falling 13.88% or 0.63 points to close at 3.91. Domino's Pizza Enterprises Ltd. fell 4.14%, or 3.25 points, to 75.31, losing 4.36%, or 0.23 points.

On the Sydney Stock Exchange, rising shares outweighed declining ones by 879 to 572, and 398 closed unchanged.

Shares of Kogan.com Ltd. fell to a 52-week low, dropping 13.88%, or 0.63, to 3.91, and shares of Domino's Pizza Enterprises Ltd. fell to a 52-week low, dropping 4.14%, or 3.25, to 75.31.

The S&P/ASX 200 VIX, which measures implied volatility in S&P/ASX 200 options, fell 9.37% to 14.06.

Gold futures for June delivery rose 1.22%, or 23.15, to $1,914.45 per troy ounce. Elsewhere in commodity trading, crude oil for June delivery rose 0.58%, or 0.61, to $105.97 a barrel, while the July Brent oil contract rose 0.95%, or 1.02, to $108.28 a barrel.

The AUD/USD pair rose 0.96% to 0.72, while the AUD/JPY pair gained 0.36% to 93.15.

The US dollar index futures fell 0.70% to 102.94.