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Australia shares higher at close of trade; S&P/ASX 200 up 0.88%

Published 12/05/2015, 08:00
© Reuters.  Australia shares higher at close of trade; S&P/ASX 200 up 0.88%
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Investing.com – Australia equities were higher at the close on Tuesday, as gains in the Materials, Metals & Mining and IT sectors propelled shares higher.

At the close in Sydney, the S&P/ASX 200 gained 0.88%.

The biggest gainers of the session on the S&P/ASX 200 were CSR Ltd (ASX:CSR), which rose 7.73% or 0.290 points to trade at 4.040 at the close. Sundance Energy Australia Ltd (ASX:SEA) added 7.32% or 0.045 points to end at 0.660 and Qantas Airways Ltd (ASX:QAN) was up 7.23% or 0.240 points to 3.560 in late trade.

Biggest losers included Transpacific Industries Group Ltd (ASX:TPI), which lost 9.62% or 0.075 points to trade at 0.705 in late trade. Orora Fpo (ASX:ORA) declined 2.33% or 0.050 points to end at 2.100 and Magellan Financial Group Ltd (ASX:MFG) shed 2.11% or 0.390 points to 18.080.

Advancing stocks outnumbered falling ones by 525 to 458 and 174 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 7.95% to 17.912.

In commodities trading, Gold for June delivery was down 0.03% or 0.40 to $1182.60 a troy ounce. Meanwhile, Crude oil for delivery in June fell 0.14% or 0.09 to hit $59.16 a barrel, while the July Brent oil contract fell 0.24% or 0.15 to trade at $65.47 a barrel.

AUD/USD was up 0.58% to 0.7937, while AUD/JPY rose 0.61% to 95.32.

The US Dollar Index was down 0.19% at 94.93.

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