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Australian stocks gains 1.1%

Posted on March 16, 2022March 16, 2022

Australia stocks closed on Wednesday, as gains in the IT, Consumer Discretionary and Consumer Staples sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 gained 1.10%.

The best performers of the session on the S&P/ASX 200 were Corporate Travel Managment Ltd (ASX:CTD), which rose 5.26% or 1.13 points to trade at 22.62 at the close. Meanwhile, Appen Ltd (ASX:APX) added 4.78% or 0.32 points to end at 7.02 and Wisetech Global Ltd (ASX:WTC) was up 4.69% or 2.20 points to 49.09 in late trade.

The worst performers of the session were Super Retail Group Ltd (ASX:SUL), which fell 3.24% or 0.34 points to trade at 10.17 at the close. Nanosonics Ltd (ASX:NAN) declined 3.10% or 0.12 points to end at 3.75 and Kogan.com Ltd (ASX:KGN) was down 2.96% or 0.15 points to 4.91.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 805 to 556 and 420 ended unchanged.

Shares in Nanosonics Ltd (ASX:NAN) fell to 3-years lows; down 3.10% or 0.12 to 3.75. Shares in Kogan.com Ltd (ASX:KGN) fell to 52-week lows; falling 2.96% or 0.15 to 4.91.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 9.55% to 18.06.

Gold Futures for April delivery was down 0.63% or 12.20 to $1,917.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.92% or 1.85 to hit $98.29 a barrel, while the May Brent oil contract rose 2.64% or 2.64 to trade at $102.55 a barrel.

AUD/USD was unchanged 0.42% to 0.72, while AUD/JPY rose 0.49% to 85.53.

The US Dollar Index Futures was down 0.19% at 98.88.

(Source)

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