Australian equities soar at close of trade

Australian equities soar at close of trade

On Friday, Australian equities gained after the close because revenues in the Metals & Mining, Telecoms Services and Financials sectors underpinned stocks.

The S&P/ASX 200 edged up 0.74% hitting a fresh 5-year maximum.

On the S&P/ASX 200 the best performers included Reliance Worldwide Corporation, Galaxy Resources Ltd and Western Areas Ltd. They gained respectively 4.47%, 3.85% and 3.57%.

As for the worst performers, they included such benchmarks as Bega Cheese Ltd, Lynas Corporation Ltd and Wisetech Global Ltd. They slumped respectively 2.56%, 2.33% and 2.14%.

On the Sydney Stock Exchange soaring shares outnumbered dipping equities by 772 to 490, while 341 were intact.

Equities in Reliance Worldwide Corporation tacked on to all time maximums, adding 4.47% to 4.210. As for stocks in Galaxy Resources Ltd, they rallied to all time maximums, gaining 3.85% hitting 4.185. Meanwhile, equities in Western Areas Ltd inched up to 52-week peaks, gaining 3.57% to 3.480.

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