Australian Stocks Edge Higher with Gains in Financials and IT Sectors
- Shams Ul Zoha
- July 20, 2023
- 5:05 pm
WHAT YOU SHOULD KNOW
- S&P/ASX 200 in Australia closed with a marginal gain of 0.02%, with Financials, IT, and Industrials sectors leading the rise.
- Nuix Ltd and Mineral Resources were the best performers on the index, with significant gains, while Northern Star Resources and Codan Ltd faced declines.
- The S&P/ASX 200 VIX, which measures market volatility, decreased by 4.87% to 10.88.
After the closing bell on Thursday, Australian stocks ended on a positive note, with gains primarily driven by the Financials, IT, and Industrials sectors. The S&P/ASX 200 index in Sydney recorded a slight increase of 0.02% at the close of the trading session. Notable top performers included Nuix Ltd, which surged by 36.59%, Mineral Resources Ltd, up 5.16%, and EML Payments Ltd, rising by 4.14%. On the other hand, Northern Star Resources Ltd experienced a decline of 6.59%, Codan Ltd dropped 3.11%, and Appen Ltd was down by 2.55%.
After the closing bell on Thursday, Australian stocks ended on a positive note, with gains primarily driven by the Financials, IT, and Industrials sectors. The S&P/ASX 200 index in Sydney recorded a slight increase of 0.02% at the close of the trading session. Notable top performers included Nuix Ltd, which surged by 36.59%, Mineral Resources Ltd, up 5.16%, and EML Payments Ltd, rising by 4.14%. On the other hand, Northern Star Resources Ltd experienced a decline of 6.59%, Codan Ltd dropped 3.11%, and Appen Ltd was down by 2.55%.
Meanwhile, Crude oil for delivery in September remained unchanged at $75.29 a barrel, and the September Brent oil contract declined by 0.06% to trade at $79.41 a barrel. The AUD/USD exchange rate remained steady at 0.68, while AUD/JPY rose by 0.64% to 95.20. The US Dollar Index Futures gained 0.02% and stood at 100.01.
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