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

Published 31/07/2024, 07:30
© Reuters.  Australia shares higher at close of trade; S&P/ASX 200 up 1.75%
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Investing.com – Australia equities were higher at the close on Wednesday, as gains in the IT, Energy and Resources sectors propelled shares higher.

At the close in Sydney, the S&P/ASX 200 added 1.75% to hit a new all time high.

The biggest gainers of the session on the S&P/ASX 200 were Appen Ltd (ASX:APX), which rose 13.43% or 0.09 points to trade at 0.76 at the close. St Barbara Ltd (ASX:SBM) added 7.14% or 0.02 points to end at 0.22 and Kogan.com Ltd (ASX:KGN) was up 6.60% or 0.28 points to 4.52 in late trade.

Biggest losers included Omni Bridgeway Ltd (ASX:OBL), which lost 3.33% or 0.04 points to trade at 1.01 in late trade. Origin Energy Ltd (ASX:ORG) declined 1.60% or 0.17 points to end at 10.43 and Gold Road Resources Ltd (ASX:GOR) shed 1.17% or 0.02 points to 1.69.

Advancing stocks outnumbered falling ones by 712 to 432 and 428 ended unchanged on the Sydney Stock Exchange.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 0.35% to 12.32.

In commodities trading, Gold Futures for December delivery was up 0.66% or 16.25 to $2,468.15 a troy ounce. Meanwhile, Crude oil for delivery in September rose 1.99% or 1.49 to hit $76.22 a barrel, while the October Brent oil contract rose 1.87% or 1.46 to trade at $79.53 a barrel.

AUD/USD was unchanged 0.64% to 0.65, while AUD/JPY fell 0.65% to 99.25.

The US Dollar Index Futures was down 0.11% at 104.20.

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