Stock Market

Australian equities closed the day higher, with the S&P/ASX 200 up by 0.34%.

After the market closed on Friday, Australian equities rose as increases in the consumer staples, information technology, and A-REIT sectors drove up share prices.

The S&P/ASX 200 increased by 0.34% at the Sydney market close.


The S&P/ASX 200’s Megaport Ltd. (ASX:MP1), which increased by 7.22% or 0.50 points to close at 7.43, was the session’s top performer. In the late session, Nuix Ltd (ASX:NXL) rose 4.00% or 0.04 points to 0.91, while St Barbara Ltd (ASX:SBM) rose 5.00% or 0.04 points to close at 0.74.

Whitehaven Coal Ltd (ASX:WHC), which dropped 6.64% or 0.60 points to conclude trading at $8.44, was the worst performer of the session. Pilbara Minerals Ltd (ASX:PLS) was down 4.11% or 0.21 points to 4.90, while Regis Resources Ltd (ASX:RRL) dropped 4.85% or 0.11 points to close at 2.16.

On the Sydney Stock Exchange, advancing equities exceeded decreasing ones by a margin of 681 to 608, while 399 closed the day unchanged.

Related: Asian equities hit 7-month highs, and the Australian currency rises due to rapid inflation.

A fresh 6-month low of 12.05 was reached by the S&P/ASX 200 VIX, which gauges the implied volatility of S&P/ASX 200 options.

The price of gold for February delivery decreased 0.27%, or 5.20 cents, to $1,924.80 per troy ounce. In other commodity trades, the March delivery price of crude oil increased by 0.48%, or 0.39, to $81.40 per barrel, while the March delivery price of the contract for Brent oil increased by 0.42%, or 0.37, to $87.84 per barrel.


While the AUD/JPY slipped 0.28% to 92.38, the AUD/USD remained constant at 0.71.

At 101.72, the US Dollar Index Futures were up 0.09%.


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