Australia stocks higher at close of trade; S&P/ASX 200 up 0.61%

Australia stocks higher at close of trade; S&P/ASX 200 up 0.61%

Feb 11, 2020

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

At the close in Sydney, the S&P/ASX 200 gained 0.61%.

The best performers of the session on the S&P/ASX 200 were Challenger Ltd (ASX:CGF), which rose 12.85% or 1.140 points to trade at 10.010 at the close. Meanwhile, Steadfast Group Ltd (ASX:SDF) added 5.56% or 0.21 points to end at 3.99 and Avita Medical (ASX:AVH) was up 5.23% or 0.040 points to 0.805 in late trade.

The worst performers of the session were JB Hi-Fi Ltd (ASX:JBH), which fell 3.94% or 1.76 points to trade at 42.95 at the close. Evolution Mining Ltd (ASX:EVN) declined 3.94% or 0.16 points to end at 3.90 and Cochlear Ltd (ASX:COH) was down 3.39% or 8.29 points to 236.47.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 665 to 491 and 365 ended unchanged.

Shares in Challenger Ltd (ASX:CGF) rose to 52-week highs; up 12.85% or 1.140 to 10.010. Shares in Steadfast Group Ltd (ASX:SDF) rose to all time highs; up 5.56% or 0.21 to 3.99. Shares in Avita Medical (ASX:AVH) rose to 5-year highs; up 5.23% or 0.040 to 0.805.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 5.38% to 13.378.

Gold Futures for April delivery was down 0.51% or 8.05 to $1571.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.39% or 0.69 to hit $50.26 a barrel, while the April Brent oil contract rose 1.60% or 0.85 to trade at $54.12 a barrel.

AUD/USD was up 0.46% to 0.6716, while AUD/JPY rose 0.61% to 73.83.

The US Dollar Index Futures was up 0.04% at 98.752.

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