Australian equities tack on at close of trade

Australian equities tack on at close of trade

On Thursday, Australian stocks managed to jump after the close, as profits in the Energy, Resources and also IT sectors backed stocks.

The S&P/ASX 200 rallied 0.16%.

On the S&P/ASX 200 the best performance was demonstrated by such benchmarks as Santos Ltd, Fairfax Media Ltd and Harvey Norman Holdings Ltd. They gained respectively 13.24%, 9.14% and 4.24%.

On the contrary, St Barbara Ltd, Orocobre Ltd and Regis Healthcare Ltd turned to be the leading losers, sliding respectively 3.35%, 2.89% and 2.64%.

On the Sydney Stock Exchange soaring stocks supplanted declining equities by 639 to 569, while 339 were intact.

Equities in Santos Ltd rallied to 52-week maximums, gaining 13.24% and showing an outcome of 4.960. Additionally, stocks in Fairfax Media Ltd ascended to 52-week peaks, earning 9.14% and getting to 0.740.

Estimating the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX gained 1.14% trading at 13.347, which is a fresh 1-month maximum.

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