Australia Stocks Higher at Close of Trade, S&P/ASX 200 Increase 0.31%

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After the close on Friday, Australia stocks were higher, as increased in the Energy, Financials and Utilities sectors led shares higher.

The S&P/ASX 200 increased 0.31% to hit a new 3-month’s peak, at the close in Australia.

The best performers of the session on the S&P/ASX 200 were M Pharma Fp (AX:MYX), which increased 6.62% or 0.095 points to trade at 1.530 at the close. In the meantime, Seven West Media Ltd (AX:SWM) added 4.26% or 0.030 points to end at 0.735 and GWA Group Ltd (AX:GWA) increase 3.91% or 0.110 points to 2.920 in late trade.

The poorest performers of the session were Sirtex Medical Ltd (AX:SRX),  which decline 37.27% or 9.500 points to trade at 15.990 at the close. Crown Ltd (AX:CWN) declined 5.07% or 0.610 points to end at 11.430 and Aconex Ltd (AX:ACX) declined 4.22% or 0.190 points to 4.310.

Increasing  stocks outnumbered decreasing  ones on the Australia Stock Exchange by 576 to 462 and 331 ended unmoved.

Shares in Sirtex Medical Ltd (AX:SRX)  dropped to 52-week lows; losing 37.27% or 9.500 to 15.990.

The S&P/ASX 200 VIX, which gauges  the implied volatility of S&P/ASX 200 options, increased 1.89% to 12.530.

Gold for February delivery declined 0.23% or 2.75 to $1169.65 a troy ounce. Somewhere else in commodities trading, delivery of crude oil in January increased 0.77% or 0.39 to hit $51.23 a barrel, although the February Brent oil deal increased 0.37% or 0.20 to trade at $54.09 a barrel.

AUD/USD increased 0.01% to 0.7464, while AUD/JPY increase 0.33% to 85.37. The US Dollar Index increased 0.06% at 101.17.

On Additional News

On Friday, shares in Asia were mixed as caution ruled following sharp increased in U.S. equities in the previous month.

Japan’s Nikkei 225 increase 1.16%, while Australia’s S&P/ASX 200 increased  0.23% on a 0.93% surge in the energy sector and a 0.83% uptick in the heavily-weighted financial sector. The Shanghai composite increase 0.4% and the Hang Seng Index declined 0.48%, as gaming shares led losses after reports of Beijing taking aim at the Macau gaming industry in a bid to halt capital outflows.

Wynn Macau dropped 7.8%, Sands China declined 6.4%, Melco International plunged 8.79% and Galaxy shed 6.37%. That followed losses of as much as 10% in their U.S.-listed counterparts overnight.

The South China Morning Post stated that Macau will reduce the withdrawal limit for China UnionPay ATM card holders from 10,000 to 5,000 Macanese patacas ($626), which is projected to take effect from Saturday. ”This, the Post reported, follows the discovery that as much as 10 billion patacas in China UnionPay ATM withdrawals were made in one month alone,” according to the report.

Suddenly, U.S. stocks were higher after the close on Thursday, as increased in the Basic Materials, Financials and Oil & Gas sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average increased 0.32% to hit a new all time peak, while the S&P 500 index  increased 0.15%, and the NASDAQ Composite index increased  0.27%.

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