Australia stocks closed higher; the S&P/ASX 200 was up 0.23 percent

Following Wednesday’s closing bell, the Australian stock market increased due to gains in the Gold, Healthcare, and Financials sectors.

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.

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