Advertisements
Home News Australian Stocks Rally as S&P/ASX 200 Records 0.74% Gain

Australian Stocks Rally as S&P/ASX 200 Records 0.74% Gain

by sun

Sydney, Nov 30, 2023 (Investing.com) – The Australian stock market concluded Thursday’s trading session on a positive note, with the S&P/ASX 200 index marking a 0.74% increase. This upward movement was spearheaded by notable advancements in the Industrials, IT, and Financials sectors.

As the market closed in Sydney, the S&P/ASX 200 exhibited a gain of 0.74%.

Advertisements

Leading the charge on the S&P/ASX 200 were standout performances by Iress Ltd (ASX:IRE), surging by 14.71% or 0.90 points to close at 7.02. Following closely, EML Payments Ltd (ASX:EML) rose by 11.69% or 0.09 points, concluding at 0.86, while Zip Co Ltd (ASX:ZIP) demonstrated a 5.26% increase, adding 0.02 points to reach 0.40 in late trading.

Advertisements

Conversely, the session’s underperformers included Omni Bridgeway Ltd (ASX:OBL), which experienced a 3.96% decline, equivalent to 0.07 points, settling at 1.57 at the close. Additionally, Goodman Group (ASX:GMG) and Corporate Travel Management Ltd (ASX:CTD) posted losses of 2.98% and 2.44%, respectively.

Advertisements

The Sydney Stock Exchange saw a favorable ratio of rising stocks to declining ones, with 642 gaining, 549 declining, and 388 remaining unchanged.

Advertisements

The S&P/ASX 200 VIX, gauging the implied volatility of S&P/ASX 200 options, reported a 5.08% decrease, reaching 9.67—a new 5-year low.

Advertisements

In commodities trading, Gold Futures for December delivery dipped by 0.15%, or 3.00, closing at $2,044.10 per troy ounce. Meanwhile, Crude oil for January delivery inched up by 0.28%, or 0.22, reaching $78.08 per barrel, and the February Brent oil contract rose by 0.23%, or 0.19, trading at $83.07 per barrel.

Currency markets saw the AUD/USD remaining unchanged at 0.66, while the AUD/JPY increased by 0.24% to 97.68.

Advertisements

The US Dollar Index Futures reported a modest uptick of 0.08%, closing at 102.76.

You may also like

Rckir is a comprehensive financial portal. The main columns include foreign exchange wealth management, futures wealth management, gold wealth management, stock wealth management, fund wealth management, insurance wealth management, trust wealth management, wealth management knowledge, etc.

【Contact us: [email protected]

© 2023 Copyright Rckir.com [[email protected]]