Stock Market

“Trade Conclusion Sees Australian Stocks Rise; S&P/ASX 200 Records 0.03% Increase”

Aussie stocks closed in the green on Tuesday, with Healthcare, IT, and Energy sectors driving the gains and pushing the numbers up. When the bell rang in Sydney, the S&P/ASX 200 had nudged up a smidge – just 0.03%.

Take a look at who stood out: James Hardie Industries PLC (ASX:JHX) made waves, shooting up a whopping 14.38% or 5.86 points, to close the day trading at a handsome 46.62. Not too shabby, eh? And, Reece Ltd (ASX:REH) didn’t do too badly either, gaining a decent 3.93% or 0.76 points to wrap up at a solid 20.10. Meanwhile, Reliance Worldwide Corporation Ltd (ASX:RWC) closed the day on a high note, up 2.84% or 0.12 points to 4.34.

But alas, not all stories were happy ones. Some faced a bit of a stumble: Mesoblast Ltd (ASX:MSB) slid down the slippery slope, dropping 8.54% or 0.04 points to finish at a lowly 0.38. Zip Co Ltd (ASX:ZIP) also felt the pinch, slipping 5.81% or 0.03 points to close at 0.41. To round off the unfortunate trio, Charter Hall Long WALE REIT (ASX:CLW) took a hit too, down 5.71% or 0.23 points to 3.80.

In the grand scheme of things, the scales were a little unbalanced on the Sydney Stock Exchange, with 701 stocks falling compared to 502 that advanced. A neutral 451 decided to sit tight and ended the day unchanged.

Talking about highs and lows, James Hardie Industries PLC (ASX:JHX) had a ball, with shares soaring to 52-week highs, while Mesoblast Ltd (ASX:MSB) saw its shares nose-dive to all-time lows. Reece Ltd (ASX:REH) shares were shining brightly at 52-week highs, while Charter Hall Long WALE REIT (ASX:CLW) was feeling a bit under the weather with shares at a 3-year low.

The S&P/ASX 200 VIX, which measures the bumpy ride of the S&P/ASX 200 options, eased down 1.07% to a mellow 11.68.

Over in commodities trading, Gold Futures for December delivery took a slight dip, dropping 0.15% or 3.00 to $1,967.00 a troy ounce. Crude oil for September delivery didn’t fare much better, down 0.72% or 0.59 to rest at $81.35 a barrel. The October Brent oil contract slipped 0.73% or 0.62 to trade at $84.72 a barrel.

Currency wise, the AUD/USD pair stayed steady, with no change at 0.68% to 0.65. The AUD/JPY, however, slipped down 0.30% to 93.38.

Last but not least, the US Dollar Index Futures was enjoying the high life, up 0.29% at 102.16. And with that, folks, the trading day ended. Here’s to another day of gains, losses, and everything in between!

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