Australia stocks higher at close of trade; S&P/ASX 200 up 0.29%

Australia stocks higher at close of trade; S&P/ASX 200 up 0.29%

Mar 07, 2019

Australia stocks were higher after the close on Thursday, as gains in the Telecoms Services, Utilities and Consumer Discretionary sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 gained 0.29% to hit a new 6-months high.

The best performers of the session on the S&P/ASX 200 were Super Retail Group Ltd (AX:SUL), which rose 4.81% or 0.350 points to trade at 7.620 at the close. Meanwhile, Costa Group Holdings Ltd (AX:CGC) added 4.63% or 0.240 points to end at 5.420 and Elders Ltd (AX:ELD) was up 3.34% or 0.210 points to 6.490 in late trade.

The worst performers of the session were Rio Tinto Ltd (AX:RIO), which fell 4.76% or 4.600 points to trade at 92.050 at the close. Syrah Resources Ltd (AX:SYR) declined 4.28% or 0.055 points to end at 1.230 and Speedcast International Ltd (AX:SDA) was down 3.05% or 0.120 points to 3.820.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 575 to 553 and 355 ended unchanged.

Shares in Syrah Resources Ltd (AX:SYR) fell to 5-year lows; down 4.28% or 0.055 to 1.230.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 2.16% to 11.933.

Gold Futures for April delivery was down 0.22% or 2.85 to $1284.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 0.11% or 0.06 to hit $56.28 a barrel, while the May Brent oil contract rose 0.29% or 0.19 to trade at $66.18 a barrel.

AUD/USD was up 0.22% to 0.7047, while AUD/JPY rose 0.18% to 78.72.

The US Dollar Index Futures was up 0.02% at 96.820.

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