Australia stocks higher at close of trade; S&P/ASX 200 up 0.94%

Australia stocks higher at close of trade; S&P/ASX 200 up 0.94%

Jan 22, 2020

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

At the close in Sydney, the S&P/ASX 200 rose 0.94% to hit a new all time high.

The best performers of the session on the S&P/ASX 200 were Polynovo Ltd (ASX:PNV), which rose 10.98% or 0.280 points to trade at 2.830 at the close. Meanwhile, Fortescue Metals Group Ltd (ASX:FMG) added 5.46% or 0.660 points to end at 12.740 and A2 Milk Company Ltd (ASX:A2M) was up 5.27% or 0.780 points to 15.590 in late trade.

The worst performers of the session were AP Eagers Ltd (ASX:APE), which fell 5.80% or 0.590 points to trade at 9.580 at the close. St Barbara Ltd (ASX:SBM) declined 4.32% or 0.130 points to end at 2.880 and Sandfire Resources NL (ASX:SFR) was down 2.28% or 0.140 points to 6.000.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 693 to 484 and 344 ended unchanged.

Shares in Polynovo Ltd (ASX:PNV) rose to all time highs; rising 10.98% or 0.280 to 2.830. Shares in Fortescue Metals Group Ltd (ASX:FMG) rose to all time highs; rising 5.46% or 0.660 to 12.740.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 0.12% to 12.110.

Gold Futures for February delivery was down 0.41% or 6.45 to $1551.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.51% or 0.30 to hit $58.08 a barrel, while the March Brent oil contract fell 0.40% or 0.26 to trade at $64.33 a barrel.

AUD/USD was down 0.06% to 0.6840, while AUD/JPY rose 0.11% to 75.28.

The US Dollar Index Futures was up 0.12% at 97.407.

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