Australia stocks higher at close of trade; S&P/ASX 200 up 1.75% By Investing.com

Australia stocks higher at close of trade; S&P/ASX 200 up 1.75%

Stock MarketsNov 09, 2020 02:45AM ET

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Australia stocks higher at close of trade; S&P/ASX 200 up 1.75%

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

At the close in Sydney, the S&P/ASX 200 gained 1.75% to hit a new 6-months high.

The best performers of the session on the S&P/ASX 200 were Rea Group Ltd (ASX:REA), which rose 9.08% or 11.61 points to trade at 139.50 at the close. Meanwhile, Nearmap Ltd (ASX:NEA) added 8.13% or 0.200 points to end at 2.660 and Zip Co Ltd (ASX:Z1P) was up 7.06% or 0.43 points to 6.52 in late trade.

The worst performers of the session were Tabcorp Holdings Ltd (ASX:TAH), which fell 2.93% or 0.120 points to trade at 3.980 at the close. Healius Ltd (ASX:HLS) declined 2.22% or 0.080 points to end at 3.520 and ANZ Banking Group (ASX:ANZ) was down 1.94% or 0.380 points to 19.220.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 923 to 377 and 308 ended unchanged.

Shares in Rea Group Ltd (ASX:REA) rose to all time highs; rising 9.08% or 11.61 to 139.50.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 7.83% to 18.196 a new 1-month low.

Gold Futures for December delivery was up 0.23% or 4.45 to $1956.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 2.32% or 0.86 to hit $38.00 a barrel, while the January Brent oil contract rose 2.26% or 0.89 to trade at $40.34 a barrel.

AUD/USD was up 0.35% to 0.7280, while AUD/JPY rose 0.56% to 75.38.

The US Dollar Index Futures was down 0.00% at 92.222.

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