Australia stocks higher at close of trade; S&P/ASX 200 up 0.35%

Australia stocks higher at close of trade; S&P/ASX 200 up 0.35%

Jan 16, 2019

Australia stocks were higher after the close on Wednesday, as gains in the IT, Telecoms Services and Consumer Staples sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 gained 0.35% to hit a new 1-month high.

The best performers of the session on the S&P/ASX 200 were Ausdrill Ltd (AX:ASL), which rose 8.51% or 0.100 points to trade at 1.275 at the close. Meanwhile, Bingo Industries Ltd (AX:BIN) added 7.39% or 0.150 points to end at 2.180 and Invocare Ltd (AX:IVC) was up 4.86% or 0.520 points to 11.220 in late trade.

The worst performers of the session were Iluka Resources Ltd (AX:ILU), which fell 4.77% or 0.370 points to trade at 7.390 at the close. Alumina Ltd (AX:AWC) declined 3.38% or 0.080 points to end at 2.290 and Lynas Corporation Ltd (AX:LYC) was down 3.24% or 0.055 points to 1.645.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 613 to 465 and 339 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 5.97% to 13.431 a new 3-months low.

Gold Futures for February delivery was up 0.24% or 3.05 to $1291.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.10% or 0.05 to hit $52.16 a barrel, while the March Brent oil contract rose 0.13% or 0.08 to trade at $60.72 a barrel.

AUD/USD was up 0.08% to 0.7206, while AUD/JPY fell 0.09% to 78.18.

The US Dollar Index Futures was down 0.14% at 95.542.

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