Title: Australia stocks higher at close of trade; S&P/ASX 200 up 1.12%

Aug 11, 2022 03:45AM ET

By: AnalysisWatch

Australian stocks rose after the close on Thursday, with gains in the consumer staples, A-REITs, and metals and mining sectors leading shares higher.

At the close of the Sydney session, the S&P/ASX 200 was up 1.12 percent, reaching a new one-month high.

The best performer during the session was Pointsbet Holdings Ltd., which rose 6.44%, or 0.23 points, on the S&P/ASX 200 Index and was trading at 3.80 points at the close. Meanwhile, Seek Ltd. added 5.43%, or 1.27 points, to close at 24.64 points and Netwealth Group Ltd. rose 5.10%, or 0.66 points, to close at 13.61 points in late trade.

The worst performer during the session was Computershare Ltd., which dropped 5.12% or 1.24 points to trade at 22.97 at the close. Rio Tinto Ltd. fell 3.93% or 3.90 points to 95.28 points and APA Group declined 2.22% or 0.27 points to 11.90 points.

On the Sydney Stock Exchange, advancing shares outnumbered decliners by 949 to 448, and 386 ended unchanged.

The S&P/ASX 200 VIX index, which measures the implied volatility of S&P/ASX 200 options, fell 8.13 percent to 13.70 points, a new three-month low.

December gold futures fell 0.61 percent, or 11.05 cents, to $1,802.65 an ounce. Elsewhere in commodities trading, crude oil for September delivery fell 0.71%, or 0.65, to $91.28 a barrel, and the October Brent crude contract fell 0.75%, or 0.73, to $96.67 a barrel.

The AUD/USD rate was unchanged at 0.71, while the AUD/JPY rate rose 0.01% to 94.04.

USD index futures were down 0.20% to 104.87.