Title: Australia stocks higher at close of trade; S&P/ASX 200 up 1.21%
Mar 14, 2022 03:45AM ET
Australian stocks rose after the closing bell on Monday thanks to gains in the finance, health care, and consumer goods sectors.
At the close of trading in Sydney, the S&P/ASX 200 index was 1.21% higher.
Elders Ltd. was among the best-performing companies within the S&P/ASX 200 index, rising 11.01%, or 1.32 points, to settle at 13.32 at the close of trading. Meanwhile, Pendal Group Ltd. rose 6.56%, or 0.28 points, to close at 4.55, while Resolute Mining Ltd. added 6.25%, or 0.02 points, to close at 0.34 at the close of trading.
Westgold Resources Ltd was the worst performer, falling 12.70% or 0.31 points to settle at 2.13 points at the close of trading. Nickel Mines Ltd fell 4.17%, or 0.05 points, to 1.15 points, and Pointsbet Holdings Ltd dropped 4.04%, or 0.15 points, to 3.56 points.
On the Sydney Stock Exchange, rising stocks outnumbered declining ones by 701 to 698, and 368 ended unchanged.
Shares in Elders Ltd climbed to a five-year high, rising 11.01%, or 1.32 points, to 13.32 points.
The S&P/ASX 200 VIX index, which measures implied volatility of S&P/ASX 200 options, fell 3.85% to 19.22 points.
Gold futures for April delivery fell 0.30%, or $6.05, to $1,978.95 a troy ounce. Elsewhere in commodities trading, the crude oil contract for April delivery fell 3.39%, or $3.71, to $105.62 per barrel, while the May Brent crude oil contract fell 3.20%, or $3.61, to $109.06 per barrel.
The AUD/USD currency pair was steady at 0.64% to 0.72, while AUD/JPY fell 0.26% to 85.28.
The US dollar index futures fell 0.12% to 99.06.