Australia stocks higher at close of trade; S&PASX 200 up 0.87%

Australia stocks were higher after the close on Wednesday, as gains in the Energy, Consumer Staples and Consumer Discretionary sectors led shares higher.

At the close in Sydney, the S&P/ASX 200 gained 0.87%.

The best performers of the session on the S&P/ASX 200 were Zip Co Ltd (ASX:ZIP), which rose 7.29% or 0.04 points to trade at 0.52 at the close. Meanwhile, Woodside Energy Ltd (ASX:WDS) added 5.20% or 1.62 points to end at 32.80 and Mesoblast Ltd (ASX:MSB) was up 5.03% or 0.05 points to 0.94 in late trade.

The worst performers of the session were Silver Lake Resources Ltd (ASX:SLR), which fell 5.63% or 0.07 points to trade at 1.09 at the close. Regis Resources Ltd (ASX:RRL) declined 5.04% or 0.10 points to end at 1.79 and Perseus Mining Ltd (ASX:PRU) was down 4.78% or 0.11 points to 2.19.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 680 to 517 and 378 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 13.60% to 13.73.

Gold Futures for April delivery was up 0.01% or 0.10 to $1,941.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 0.98% or 0.68 to hit $68.99 a barrel, while the May Brent oil contract fell 0.86% or 0.65 to trade at $74.67 a barrel.

AUD/USD was unchanged 0.40% to 0.67, while AUD/JPY rose 0.43% to 88.72.

The US Dollar Index Futures was down 0.02% at 102.87.

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