Australia stocks higher at close of trade; S&P/ASX 200 up 0.99% By Investing.com

Australia stocks higher at close of trade; S&P/ASX 200 up 0.99%

Stock Markets May 18, 2022 03:45AM ET

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Australia stocks higher at close of trade; S&P/ASX 200 up 0.99%

Investing.com – Australia stocks were higher after the close on Wednesday, as gains in the Metals & Mining, Materials and Resources sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 rose 0.99%.

The best performers of the session on the S&P/ASX 200 were Champion Iron Ltd (ASX:CIA), which rose 5.29% or 0.37 points to trade at 7.37 at the close. Meanwhile, South32 Ltd (ASX:S32) added 5.15% or 0.23 points to end at 4.70 and Corporate Travel Managment Ltd (ASX:CTD) was up 5.07% or 1.08 points to 22.39 in late trade.

The worst performers of the session were Polynovo Ltd (ASX:PNV), which fell 4.63% or 0.06 points to trade at 1.24 at the close. Sims Metal Management Ltd (ASX:SGM) declined 3.41% or 0.63 points to end at 17.85 and AP Eagers Ltd (ASX:APE) was down 3.28% or 0.39 points to 11.50.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 879 to 549 and 385 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 3.65% to 16.59.

Gold Futures for June delivery was down 0.25% or 4.58 to $1,814.32 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 1.42% or 1.56 to hit $111.19 a barrel, while the July Brent oil contract rose 1.09% or 1.22 to trade at $113.15 a barrel.

AUD/USD was unchanged 0.23% to 0.70, while AUD/JPY fell 0.33% to 90.65.

The US Dollar Index Futures was up 0.19% at 103.61.

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