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Title: Australia stocks higher at close of trade; S&P/ASX 200 up 1.77%

Sep 08, 2022 03:45AM ET

By: AnalysisWatch

Australia stocks were higher after the close on Thursday, as gains in the IT, A-REITs and Metals & Mining sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 added 1.77%.

The best performers of the session on the S&P/ASX 200 were Megaport Ltd (ASX:MP1), which rose 12.57% or 0.93 points to trade at 8.33 at the close. Meanwhile, Zip Co Ltd (ASX:ZIP) added 8.98% or 0.08 points to end at 0.91 and Nufarm Ltd (ASX:NUF) was up 7.79% or 0.38 points to 5.26 in late trade.

The worst performers of the session were Woodside Energy Ltd (ASX:WDS), which fell 5.50% or 1.87 points to trade at 32.10 at the close. Alumina Ltd (ASX:AWC) declined 2.47% or 0.04 points to end at 1.38 and Medibank Private Ltd (ASX:MPL) was down 1.69% or 0.06 points to 3.50.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 873 to 489 and 382 ended unchanged.

Shares in Alumina Ltd (ASX:AWC) fell to 52-week lows; losing 2.47% or 0.04 to 1.38.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 8.95% to 15.05.

Gold Futures for December delivery was up 0.12% or 2.05 to $1,729.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.65% or 0.53 to hit $82.47 a barrel, while the November Brent oil contract rose 0.51% or 0.45 to trade at $88

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