Australia stocks higher at close of trade; S&P/ASX 200 up 1.20%

Australia stocks higher at close of trade; S&P/ASX 200 up 1.20%

Aug 20, 2019

Australia stocks were higher after the close on Tuesday, as gains in the Energy, Consumer Staples and Utilities sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 gained 1.20%.

The best performers of the session on the S&P/ASX 200 were IPH Ltd (ASX:IPH), which rose 10.40% or 0.890 points to trade at 9.450 at the close. Meanwhile, Beach Energy Ltd (ASX:BPT) added 9.00% or 0.180 points to end at 2.180 and Estia Health Ltd (ASX:EHE) was up 8.37% or 0.220 points to 2.850 in late trade.

The worst performers of the session were Saracen Mineral Holdings Ltd (ASX:SAR), which fell 3.50% or 0.130 points to trade at 3.580 at the close. Eclipx Group Ltd (ASX:ECX) declined 2.91% or 0.045 points to end at 1.500 and Regis Resources Ltd (ASX:RRL) was down 2.61% or 0.140 points to 5.230.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 681 to 476 and 364 ended unchanged.

Shares in IPH Ltd (ASX:IPH) rose to all time highs; up 10.40% or 0.890 to 9.450.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 10.02% to 15.636.

Gold Futures for December delivery was down 0.32% or 4.85 to $1506.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 0.29% or 0.16 to hit $56.30 a barrel, while the October Brent oil contract rose 0.28% or 0.17 to trade at $59.91 a barrel.

AUD/USD was up 0.33% to 0.6784, while AUD/JPY rose 0.21% to 72.25.

The US Dollar Index Futures was up 0.03% at 98.248.

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