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Australian equities rally at close of trade
On Thursday, Australian equities inched up after the close because revenues in the IT, Utilities as well as Telecoms Services sectors brought stocks up.
The S&P/ASX 200 edged up 0.10% showing a fresh 3-months peak.
Galaxy Resources Ltd, Australian Pharma Industries Ltd and Aveo Group demonstrated the best performance on the S&P/ASX 200, ascending respectively 5.49%, 4.43% and 3.77%.
As for the losers, they were represented by such benchmarks as Resolute Mining Ltd, Super Retail Group Ltd and St Barbara Ltd. They slumped 3.74%, 3.65% and 3.36% respectively.
Soaring shares outnumbered sagging equities on the Sydney Stock Exchange by 611 to 540, while 398 were intact.
Equities in Galaxy Resources Ltd grew to all time maximums, soaring 5.49% being worth 3.840.
Estimating the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX ascended 1.00% trading at 11.303.
The currency pair AUD/USD gained 0.10% hitting 0.7854, AUD/JPY rallied 0.15% trading at 88.75.
Risk-on is back on the market. Riskier currencies and stocks are in favor. Gold is rising too as investors try to hedge.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...