Gains in the Gold, Healthcare, and Financials sectors contributed to a rise in Australia’s stock market following the closing bell on Wednesday.
At Sydney’s market close, the S&P/ASX 200 climbed 0.23 percent to a new one-month high.
Zip Co Ltd (ASX:ZIP) had the greatest performance on the S&P/ASX 200 during the day, gaining 20.98 percent or 0.22 points to close at 1.24. Clinuvel Pharmaceuticals Ltd (ASX:CUV) gained 8.03 percent or 1.26 points to close at 16.96, while Silver Lake Resources Ltd (ASX:SLR) rose 6.02 percent or 0.08 points to 1.41 in late trading.
Champion Iron Ltd (ASX:CIA) had the poorest performance during the day, falling 4.54 percent or 0.23 points to close at 4.84. Iluka Resources Ltd (ASX:ILU) closed at 9.30, down 4.32 percent or 0.42 points, while Bluescope Steel Ltd (ASX:BSL) closed at 15.84, down 3.83 percent or 0.84 points.
On the Sydney Stock Exchange, declining equities outweighed gaining ones by 708 to 628, with 368 ending unchanged.
The S&P/ASX 200 VIX, which measures implied volatility of S&P/ASX 200 options, fell 1.46 percentage points to 16.01.
Gold Futures for August delivery decreased 1.55 cents, or 0.09 percent, to $1,716.15 per troy ounce. Crude oil for September delivery increased 0.91 percent, or $0.86, to $95.84 per barrel, while the October Brent oil contract up 0.63 percent, or $0.63, to $100.09 per barrel.
AUD/USD remained stable at 0.14 percent at 0.69, but AUD/JPY declined by 0.05 percent to 94.94.
At 106.96, US Dollar Index Futures were down 0.08 percent.