Key Points:
- The S&P/ASX 200 in Australia closed higher by 0.13%, driven by gains in the Consumer Staples, IT, and Energy sectors.
- Reece Ltd (ASX:REH) emerged as the top performer, reaching 5-year highs with a surge of 18.31%.
- Falling stocks outnumbered advancing ones on the Sydney Stock Exchange, with 675 declining, 433 advancing, and 350 ending unchanged.
- The S&P/ASX 200 VIX, measuring implied volatility, decreased by 0.90% to 11.14.
Australia’s stock market closed higher on Tuesday, with the S&P/ASX 200 rising by 0.13%. The positive momentum was driven by gains in the Consumer Staples, Information Technology (IT), and Energy sectors.
Reece Ltd (ASX:REH) emerged as the top performer of the session, surging by an impressive 18.31% or 4.41 points to close at 28.50. The stock reached 5-year highs during the trading session. Following closely, Appen Ltd (ASX:APX) recorded a gain of 15.48%, adding 0.065 points to finish at 0.48, while G8 Education Ltd (ASX:GEM) experienced a rise of 11.61%, contributing 0.13 points to reach 1.25 by the session’s end.
On the flip side, Zip Co Ltd (ASX:ZIP) faced a decline of 14.44%, losing 0.13 points and closing at 0.80. Healius Ltd (ASX:HLS) dropped by 8.66%, shedding 0.12 points to settle at 1.26, and Megaport Ltd (ASX:MP1) saw a decrease of 3.60%, down 0.52 points to finish at 13.94.
Throughout the trading session, falling stocks outnumbered advancing ones, with 675 stocks declining, 433 advancing, and 350 ending unchanged on the Sydney Stock Exchange. The S&P/ASX 200 VIX, measuring the implied volatility of S&P/ASX 200 options, experienced a 0.90% decrease, closing at 11.14.
In commodity trading, Gold Futures for April delivery showed a 0.16% increase, adding 3.25 points to $2,042.15 per troy ounce. Meanwhile, Crude oil for April delivery inched up by 0.05%, gaining 0.04 points to settle at $77.62 per barrel. The May Brent oil contract also rose 0.05%, adding 0.04 points to $81.71 per barrel.
The AUD/USD currency pair remained unchanged at 0.65, while the AUD/JPY pair experienced a 0.09% decline, closing at 98.47. The US Dollar Index Futures showed a 0.06% decrease, settling at 103.69.
