Australia equities closed higher; the S&P/ASX 200 was up 1.41 percent

At Tuesday’s market closing, the Energy, Financials, and Consumer Staples sectors drove the Australian stock market higher.

Gains in the Energy, Financials, and Consumer Staples sectors sent Australia’s stock market higher at Tuesday’s market close.

At the closing of trading in Sydney, the S&P/ASX 200 index increased 1.41 percent.

Pointsbet Holdings Ltd (ASX:PBH) had the greatest performance on the S&P/ASX 200 during the day, gaining 9.02 percent or 0.23 points to close at $2.78. Unibail Rodamco Westfield (ASX:URW) gained 6.87 percent or 0.27 points to close at 4.20, while Hub24 Ltd (ASX:HUB) climbed 6.17 percent or 1.10 points to 18.93 in late-day trading.

Megaport Ltd (ASX:MP1) had the lowest performance throughout the session, falling 4.34 percent or 0.23 points to close at 5.07 per share. APA Group (ASX:APA) fell 4.03 percent or 0.45 points to conclude the day at 10.71, while GUD Holdings Ltd (ASX:GUD) down 3.52 percent or 0.28 points to 7.68.

On the Sydney Stock Exchange, rising equities exceeded descending ones by 843 to 613, with 377 remaining unchanged.

Megaport Ltd (ASX:MP1) shares dropped 4.34 percent, or 0.23 points, to $5.07, the lowest level in three years. GUD Holdings Ltd (ASX:GUD) shares dropped to 52-week lows, falling 3.52 percent or 0.28 to $7.68.

The implied volatility index for S&P/ASX 200 options decreased 11.08 percent to 20.68.

Gold Futures for August delivery decreased 4.05 points, or 0.22 percent, to $1,836.55 per troy ounce. Crude oil for August delivery increased 1.83 percent, or $1.98, to $109.97 per barrel, while Brent oil for August delivery increased 0.91 percent, or $1.04, to trade at $115.17 per barrel.

AUD/USD remained constant at 0.70, while AUD/JPY climbed 0.64 percent to 94.46.

At 103.93, US Dollar Index Futures were down 0.32 percent.

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