Australia stocks higher at close of trade; S&P/ASX 200 up 1.29% By Investing.com

Australia stocks higher at close of trade; S&P/ASX 200 up 1.29%

Stock MarketsJan 07, 2022 02:45AM ET

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Australia stocks higher at close of trade; S&P/ASX 200 up 1.29%

Investing.com – Australia stocks were higher after the close on Friday, as gains in the Energy, Financials and Utilities sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 added 1.29%.

The best performers of the session on the S&P/ASX 200 were Medibank Private Ltd (ASX:MPL), which rose 5.88% or 0.200 points to trade at 3.600 at the close. Meanwhile, Unibail Rodamco Westfield (ASX:URW) added 5.84% or 0.29 points to end at 5.26 and NIB Holdings (ASX:NHF) was up 3.73% or 0.26 points to 7.23 in late trade.

The worst performers of the session were Sims Metal Management Ltd (ASX:SGM), which fell 6.25% or 1.05 points to trade at 15.76 at the close. Magellan Financial Group Ltd (ASX:MFG) declined 5.44% or 1.11 points to end at 19.29 and James Hardie Industries PLC (ASX:JHX) was down 4.13% or 2.22 points to 51.54.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 809 to 566 and 423 ended unchanged.

Shares in Magellan Financial Group Ltd (ASX:MFG) fell to 5-year lows; losing 5.44% or 1.11 to 19.29.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 6.18% to 12.689.

Gold Futures for February delivery was down 0.02% or 0.35 to $1788.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.48% or 0.38 to hit $79.84 a barrel, while the March Brent oil contract rose 0.45% or 0.37 to trade at $82.36 a barrel.

AUD/USD was down 0.08% to 0.7154, while AUD/JPY fell 0.05% to 82.89.

The US Dollar Index Futures was down 0.12% at 96.215.

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