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Australian market rises 1.47%

Australian stocks close higher; S&P/ASX 200 up 1.47% led by materials and mining sectors. Detailed market coverage on Bond.az.

John Smith
ByJohn Smith- Senior Editor
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Bond.az reports that Australian stocks were higher at the close on Thursday, with gains in the Materials, Metals & Mining and A-REITs sectors leading shares higher.

The S&P/ASX 200 added 1.47% at the close in Sydney.

Top performers included Guzman Y Gomez Ltd, which surged 12.81% to 18.05 Australian dollars. Virgin Australia Holdings gained 9.33%, and IGO Ltd rose 8.00%.

The worst performer was Stanmore Coal, falling 7.28% to 2.42 dollars. Contact Energy dropped 5.49%, and Rea Group declined 3.56%.

On the Sydney Stock Exchange, 722 stocks advanced, 411 declined, and 397 remained unchanged.

The S&P/ASX 200 VIX, measuring implied volatility, fell 6.23% to 13.12.

Gold futures for June delivery slipped 0.27% to $4,533.92 per troy ounce. Crude oil for July rose 0.31% to $99.31 per barrel, while Brent crude added 0.65% to $106.17.

The AUD/USD pair was unchanged at 0.38%, while AUD/JPY fell 0.33%.

The US Dollar Index Futures edged up 0.04%.

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Australian market rises 1.47% | Bond.az