Australia stocks experienced positive momentum on Monday, with the S&P/ASX 200 rising by 0.75%. The gains were led by the Consumer Discretionary, Consumer Staples, and Financials sectors.
Top performers on the S&P/ASX 200 included Zip Co Ltd (ASX:ZIP), which surged by 14.96%, Polynovo Ltd (ASX:PNV) with a 9.78% increase, and A2 Milk Company Ltd (ASX:A2M) rising by 5.79%.
Conversely, Appen Ltd (ASX:APX) faced a significant decline of 38.04%, Mineral Resources Ltd (ASX:MIN) fell by 9.48%, and Mesoblast Ltd (ASX:MSB) was down by 6.67%.
Falling stocks outnumbered advancing ones on the Sydney Stock Exchange, with 687 declining, 542 advancing, and 406 remaining unchanged.
Appen Ltd (ASX:APX) reached all-time lows during the session, while Mineral Resources Ltd (ASX:MIN) hit 52-week lows.
The S&P/ASX 200 VIX, measuring the implied volatility of S&P/ASX 200 options, increased by 0.42% to 11.32.
In commodities trading, Gold Futures for February delivery dipped by 0.22% to $2,024.75 a troy ounce. Crude oil for delivery in March fell by 0.49% to $72.89 a barrel, and March Brent oil contracted by 0.48% to $78.18 a barrel.
The AUD/USD pair remained unchanged at 0.66, while AUD/JPY fell by 0.25% to 97.53.
The US Dollar Index Futures were down by 0.07% at 103.00.