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Title: Australia stocks higher at close of trade; S&P/ASX 200 up 1.10%

Mar 10, 2022 02:45AM ET

By: AnalysisWatch

Australian shares rose after the close on Thursday as gains in the IT, consumer cyclical, and financial sectors drove stocks higher.

The S&P/ASX 200 was up 1.10 percent at the close in Sydney.

Flight Centre Ltd., which rose 6.61%, or 1.17 points, to trade at 18.87 at the close, was among the best performers on the S&P/ASX 200. Webjet Ltd rose 5.83%, or 0.31 points, to close at 5.63, while Qantas Airways Ltd gained 5.79%, or 0.27 points, to 4.93 in late trade.

Nickel Mines Ltd. was the worst performer, falling 13.17% or 0.19 points to close at 1.22.

Rio Tinto Ltd dropped 7.73%, or 9.27 points, to close at 110.61, and Beach Energy Ltd dropped 5.90%, or 0.10 points, to 1.60.

On the Sydney Stock Exchange, rising stocks outweighed falling ones by 857 to 547, and 380 ended unchanged.

The S&P/ASX 200 VIX, which measures implied volatility of S&P/ASX 200 options, increased 1.91% to 17.12.

Gold futures for April delivery fell 0.14%, or 2.70, to $1,985.50 a troy ounce. Elsewhere in commodities trading, crude oil for April delivery rose 2.37%, or 2.58, to $111.28 a barrel, while the May contract for Brent crude rose 3.51%, or 3.90, to $115.04 a barrel.

The AUD/USD pair was unchanged by 0.25% at 0.73, while the AUD/JPY pair gained 0.36% to 85.11.

Futures on the US dollar index rose 0.06% to 98.01.

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