Australia shares higher at close of trade; S&P/ASX 200 up 0.34%

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Australia shares higher at close of trade; S&P/ASX 200 up 0.34%
Credit: © Reuters.

Investing.com – Australia equities were higher at the close on Friday, as gains in the Telecoms Services , Utilities and Consumer Staples sectors propelled shares higher.

At the close in Sydney, the S&P/ASX 200 added 0.34% to hit a new 3-month high.

The biggest gainers of the session on the S&P/ASX 200 were Galaxy Resources Ltd (AX: GXY ), which rose 5.10% or 0.160 points to trade at 3.300 at the close. HT&E Ltd (AX: HT1 ) added 4.18% or 0.075 points to end at 1.870 and Bega Cheese Ltd (AX: BGA ) was up 4.05% or 0.280 points to 7.200 in late trade.

Biggest losers included IPH Ltd (AX: IPH ), which lost 2.68% or 0.150 points to trade at 5.450 in late trade. ALS Ltd (AX: ALQ ) declined 2.36% or 0.200 points to end at 8.270 and Independence Group NL (AX: IGO ) shed 2.31% or 0.090 points to 3.800.

Advancing stocks outnumbered falling ones by 661 to 487 and 375 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 2.12% to 10.969.

In commodities trading, Gold Futures for December delivery was up 0.14% or 1.81 to $1298.31 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.69% or 0.35 to hit $50.95 a barrel, while the December Brent oil contract rose 0.59% or 0.33 to trade at $56.58 a barrel.

AUD/USD was up 0.17% to 0.7833, while AUD/JPY rose 0.02% to 87.83.

The US Dollar Index Futures was down 0.11% at 92.84.

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