Australian Stocks Marked A Significant Increase At The End Of Trading—S&P/Asx 200 Rose 0.06%

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On Thursday, stocks in Australia experienced a surge due to gains seen in the Gold, Consumer Discretionary, and Metals & Mining sectors. 

Australian Stocks Market News

By the end of trading in Sydney, the S&P/ASX 200 experienced a 0.06% increase. Outshining the competition on the S&P/ASX 200 was Zip Co Ltd (ASX: ZIP), sharing an 11.71% increase, achieving a closing value of 0.62 points for the session.

During the late trading session, St Barbara Ltd (ASX: SBM) gained 8.18% and increased 0.07 points to end for 0.86, while Polynovo Ltd (ASX: PNV) rose 7.43%, with 0.15 additional points bringing its total up to 2.17 by the close of trade today.

“It’s been another positive day for the Australian stock market, with investors taking confidence from a surge in commodity prices which boosted the Gold and Metals & Mining sectors. This has allowed the S&P/ASX 200 to rise slightly despite some losses across healthcare stocks,” said a Sydney-based financial analyst.

Australia Stock Exchange

At the close of trading, Costa Group Holdings Ltd (ASX: CGC) had a particularly disappointing session, with shares plummeting by 3.21%, or 0.09 points, to end at 2.71.

Beach Energy Ltd (ASX: BPT) dropped 2.53% or 0.04 points to close at 1.54, and Computershare Ltd (ASX: CPU) decreased by 2.20%, with its stock price settling at 25.76 points after the market closed today.

On the Sydney Stock Exchange, stocks experiencing value increases outnumbered those losing ground by 716 to 471. An additional 395 remained unchanged.

The S&P/ASX 200 VIX saw a slight decrease of 0.89%, settling at 12.98, which reflects the implied volatility of options in Australia’s top market index.

February delivery of Gold Futures experienced a slight decrease of 0.06%, with the price per troy ounce plummeting to $1,857.85 from its previous amount of $1,859.

In the commodities trading market, February crude oil futures saw an increase of 1.07% or $0.78 to reach a price of $73.62 per barrel, while March Brent oil contracts rose 0.99% or $0.77 for each barrel sold at a rate of $78.61 apiece.

AUD/USD remained steady at 0.68, while AUD/JPY dropped by 0.48%, settling at 90.24. The US Dollar Index Futures rose by 0.08%, reaching an impressive 104.11 mark.

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