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Australian Stocks Close Higher with S&P/ASX 200 Up 0.93%

Australia’s stock market closed on a positive note on Tuesday, with the S&P/ASX 200 posting a gain of 0.93%. The upward movement was spearheaded by increases in the IT, Healthcare, and Industrials sectors.

At the close in Sydney, the S&P/ASX 200 recorded a 0.93% gain.

Top performers on the S&P/ASX 200 included Alumina Ltd (ASX:AWC), rising by 7.97% or 0.07 points to close at 0.98. Elders Ltd (ASX:ELD) climbed by 7.48%, adding 0.56 points to finish at 7.97, while Resmed Inc DRC (ASX:RMD) experienced a 5.88% increase, gaining 1.47 points to reach 26.47 in late trade.

Conversely, EML Payments Ltd (ASX:EML) was among the worst performers, falling by 2.47% or 0.02 points to settle at 0.79 at the close. Platinum Asset Management Ltd (ASX:PTM) declined by 2.15%, losing 0.03 points to end at 1.25, and Tabcorp Holdings Ltd (ASX:TAH) dropped by 1.91%, down 0.02 points to 0.77.

The Sydney Stock Exchange reported 621 rising stocks, 486 declining ones, and 352 that ended unchanged.

The S&P/ASX 200 VIX, measuring the implied volatility of S&P/ASX 200 options, decreased by 3.52% to 11.07.

In commodities trading, Gold Futures for February delivery increased by 0.20% or 4.15, reaching $2,037.65 per troy ounce. Meanwhile, Crude oil for February delivery remained unchanged at $70.77 per barrel, and the March Brent oil contract rose by 0.17% or 0.13, trading at $76.25 per barrel.

The AUD/USD remained unchanged at 0.67, while AUD/JPY fell by 0.49% to 96.45.

The US Dollar Index Futures increased by 0.06% to 101.99.