Australia Stock Market Update

Investing.com – Australia stocks were higher after the close on Tuesday, led by gains in the Gold, Consumer Discretionary, and IT sectors.

At the close in Sydney, the S&P/ASX 200 gained 0.34%.

Best Performers

• Zip Co Ltd (ASX:ZIP): rose 11.83% or 0.33 points to trade at 3.12.
• Premier Investments Ltd (ASX:PMV): added 9.91% or 3.06 points to end at 33.94.
• Mineral Resources Ltd (ASX:MIN): was up 7.15% or 2.47 points to 37.00.

Worst Performers

• Resmed Inc DRC (ASX:RMD): fell 2.97% or 1.16 points to trade at 37.91.
• Perenti Global Ltd (ASX:PRN): declined 2.50% or 0.03 points to end at 1.17.
• Seek Ltd (ASX:SEK): was down 2.67% or 0.68 points to 24.76.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 574 to 512, with 438 ending unchanged.

Shares in Zip Co Ltd (ASX:ZIP) reached 52-week highs at 3.12. Conversely, Resmed Inc DRC (ASX:RMD) fell to 3-year highs at 37.91.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 4.45% to 11.87.

Commodities Trading

• Gold Futures for December delivery: up 0.37% or 10.20 to $2,766.10 a troy ounce.
• Crude Oil for December: rose 0.01% to hit $67.39 a barrel.
• January Brent Oil: unchanged at $71.00 a barrel.

Currency Overview

• AUD/USD was unchanged at 0.66.
• AUD/JPY fell 0.53% to 100.38.
• US Dollar Index Futures was down 0.03% at 104.15.