Title: Australia stocks higher at close of trade; S&P/ASX 200 up 1.94%

Jun 27, 2022 03:45AM ET

By: AnalysisWatch

Australian shares rose after the close on Monday, with gains in the financial, energy and IT sectors driving shares higher.

At the close of the Sydney Bourse, the S&P/ASX 200 index rose 1.94 percent.

Pointsbet Holdings Ltd was the best performer on the S&P/ASX 200 during the session, rising 12.45%, or 0.31 points, to close at 2.80. Meanwhile, Megaport Ltd added 9.11% or 0.51 points to close at 6.11 points and Flight Centre Ltd rose 6.61% or 1.14 points to close at 18.39 points in late trade.

The worst performer during the session was Evolution Mining Ltd., which dropped 21.89% or 0.74 points to trade at 2.64 at the close.

Northern Star Resources Ltd. declined 12.14% or 0.97 points to close at 7.02 and Resolute Mining Ltd. declined 6.25% or 0.02 points to close at 0.22.

On the Sydney Stock Exchange, advancing shares outnumbered decliners by 895 to 626, while 366 ended unchanged.

Evolution Mining Ltd. shares fell 21.89 percent, or 0.74 to 2.64 points, to a three-year low. Shares of Northern Star Resources Ltd. fell to a three-year low, declining 12.14% or $0.97 to $7.02. Shares of Resolute Mining Ltd. fell to a five-year low, declining 6.25%, or $0.02 to $0.22.

The S&P/ASX 200 VIX Index, which measures implied volatility of S&P/ASX 200 options, fell 1.67% to 18.22.

August gold futures rose 0.39 percent, or $7.20, to $1,837.50 per ounce. Commodities trading, crude oil for August delivery rose 0.25 percent, or $0.27, to $107.89 a barrel, while the September Brent contract rose 0.38 percent, or $0.42, to trade at $109.52 a barrel.

The AUD/USD rate was unchanged at 0.69, while the AUD/JPY rate fell 0.21% to 93.72.

Futures on the US dollar index fell 0.32% to 103.63.