Stock Market

The S&P/ASX 200 was up 0.14% at the close of trading, lifting Australian stocks.

After the market closed on Thursday, Australian equities rose as advances in the gold, A-REIT, and IT sectors drove up stock prices.

The S&P/ASX 200 increased 0.14% at the Sydney market’s close to reaching a new three-month high.

On the S&P/ASX 200, St Barbara Ltd. (ASX: SBM), which increased 9.09% or 0.06 points to close at 0.66, was the best-performing stock of the session. Ltd. (ASX: KGN) was up 7.87% or 0.27 points to 3.70 in late trade, and Westgold Resources Ltd. (ASX: WGX) gained 7.89% or 0.06 points to close at 0.82.

Related: China lags, but Asian stocks are supported by reduced Fed rate hike wagers.

Whitehaven Coal Ltd (ASX: WHC), which dropped 6.65% or 0.64 points to settle at $8.98, was the worst performer of the session. NRW Holdings Ltd. (ASX: NWH) was down 3.03% or 0.08 points to 2.56, and Nuix Ltd. (ASX: NXL) was down 4.05% or 0.03 points to end at 0.71.

On the Sydney Stock Exchange, declining stocks outnumbered advancing ones by a margin of 633 to 629, and 410 stocks ended unchanged.

A new 6-month low of 12.29 was reached by the S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options.

The price of gold for December delivery increased 0.59 percent, or 10.35, to $1,755.95 per troy ounce. Crude oil for delivery in January decreased by 0.31% or 0.24 to trade at $77.70 per barrel, while the January Brent oil contract decreased by 0.37% or 0.32 to hit $85.09 per barrel.

While AUD/JPY decreased 0.23% to 93.75, AUD/USD remained stable at 0.68, down 0.42%.

Related: Asian stocks didn’t move much because China COVID went up and tech stocks went down.

At 105.68, the US Dollar Index Futures were down 0.27%.

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