Title: Australia stocks higher at close of trade; S&P/ASX 200 up 1.23%

Jul 18, 2022 03:45AM ET

By: AnalysisWatch

Australian stocks rose after the close on Monday, with gains in the information technology, metals, mining and resources sectors driving shares higher.

The S&P/ASX 200 index rose 1.23 percent at the close of trading in Sydney.

Pendal Group Ltd. was the best performing company on the S & P/ASX 200 during the session, rising 9.31% or 0.35 points to close at 4.11.

Meanwhile, EML Payments Ltd. added 7.35% or 0.08 points to close at 1.09 and Wisetech Global Ltd. rose 7.16% or 3.16 points to close at 47.29 in late trade.

The worst performer during the session was Nuix Ltd, which fell 13.01% or 0.10 points to trade at 0.64 at the close. APPEN, Ltd fell 3.17%, or 0.19 points, to 5.81 and A2 Milk Company, Ltd declined 2.44%, or 0.11 points, to 4.40.

On the Sydney Stock Exchange, advancing shares outnumbered decliners by 845 to 487, while 390 ended unchanged.

Nuix Ltd shares hit an all-time low, falling 13.01 percent, or 0.10 points, to 0.64 points.

The VIX index, which measures the implied volatility of S&P/ASX 200 options, fell 0.83 percent to 17.72.

Gold futures for August delivery increased 0.76 percent, or 12.90 cents, to $1,716.50 per ounce.

Elsewhere in commodities trading, crude oil for September delivery rose 2.78%, or $2.63 a barrel, and the September Brent contract rose 2.81%, or $2.84 a barrel.

The AUD/USD rate was unchanged at 0.59% to 0.68, while the AUD/JPY rate rose 0.26% to 94.33.

US dollar index futures were down 0.54% to 107.33.

In late trade, Australia's S&P/ASX 200 was up 1.23%.