Australia shares higher at close of trade; S&P/ASX 200 up 1.95%

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Australia shares higher at close of trade; S&P/ASX 200 up 1.95%
Credit: © Reuters. – Australia equities were higher at the close on Tuesday, as gains in the Financials , Materials and Metals & Mining sectors propelled shares higher.

At the close in Sydney, the S&P/ASX 200 rose 1.95% to hit a new 3-month high.

The biggest gainers of the session on the S&P/ASX 200 were Steadfast Group Ltd (AX: SDF ), which rose 11.49% or 0.300 points to trade at 2.910 at the close. AMP Ltd (AX: AMP ) added 9.95% or 0.220 points to end at 2.430 and Ausdrill Ltd (AX: ASL ) was up 9.45% or 0.120 points to 1.390 in late trade.

Biggest losers included Domain Holdings Australia Ltd (AX: DHG ), which lost 5.17% or 0.120 points to trade at 2.200 in late trade. Syrah Resources Ltd (AX: SYR ) declined 3.00% or 0.045 points to end at 1.455 and Bluescope Steel Ltd (AX: BSL ) shed 2.81% or 0.360 points to 12.440.

Advancing stocks outnumbered falling ones by 656 to 480 and 348 ended unchanged on the Sydney Stock Exchange.

The S&P/ASX 200 VIX , which measures the implied volatility of S&P/ASX 200 options, was down 1.68% to 13.257.

In commodities trading, Gold Futures for April delivery was up 0.00% or 0.05 to $1319.35 a troy ounce. Meanwhile, Crude oil for delivery in March rose 0.38% or 0.21 to hit $54.77 a barrel, while the April Brent oil contract rose 0.34% or 0.21 to trade at $62.72 a barrel.

AUD/USD was up 0.53% to 0.7262, while AUD/JPY rose 0.46% to 79.75.

The US Dollar Index Futures was down 0.02% at 95.555.

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