On Wednesday, Australian stocks surged, with the S&P/ASX 200 reaching a record high, driven by notable gains in the A-REITs, Utilities, and Energy sectors.
At the close in Sydney, the S&P/ASX 200 soared by 1.06%, establishing a new all-time high.
Top performers on the S&P/ASX 200 included Nickel Mines Ltd (ASX:NIC), which climbed 8.97% to 0.79, Tabcorp Holdings Ltd (ASX:TAH) surged by 5.92% to 0.81, and Champion Iron Ltd (ASX:CIA) rose by 5.04% to 8.55.
Conversely, the worst performers included Appen Ltd (ASX:APX), which declined by 5.88% to 0.32, Perenti Global Ltd (ASX:PRN) dropped 4.68% to 0.82, and Domino’S Pizza Enterprises Ltd (ASX:DMP) was down 3.45% to 39.97.
The Sydney Stock Exchange witnessed more rising stocks (599) than declining ones (543), with 372 ending unchanged.
Perenti Global Ltd (ASX:PRN) shares touched a 52-week low, declining by 4.68% to 0.82.
The S&P/ASX 200 VIX, measuring the implied volatility of S&P/ASX 200 options, fell by 2.05% to 11.12.
In commodities trading, Gold Futures for April delivery inched up 0.03% to $2,051.50 a troy ounce. Meanwhile, Crude oil for delivery in March fell 0.42% to $77.49 a barrel, and April Brent oil contract dropped 0.44% to $82.14 a barrel.
The AUD/USD remained unchanged at 0.66, while AUD/JPY fell by 0.49% to 96.98.
The US Dollar Index Futures rose by 0.20% to 103.42.