Feb 2, 2024: Australia’s stock market experienced gains on Friday, with the S&P/ASX 200 rising by 1.47% to achieve a new all-time high at the close in Sydney. The A-REITs, IT, and Gold sectors contributed to the positive momentum.
Key Highlights:
S&P/ASX 200 rose by 1.47% at the close.
Best-performing stocks included Skycity Entertainment Group Ltd (ASX:SKC), up 6.67%, Goodman Group (ASX:GMG), up 6.30%, and Polynovo Ltd (ASX:PNV), up 5.61%.
Worst performers were EML Payments Ltd (ASX:EML), down 6.78%, Appen Ltd (ASX:APX), down 6.56%, and Westgold Resources Ltd (ASX:WGX), down 5.80%.
Rising stocks outnumbered declining ones, with 737 to 495, while 357 ended unchanged.
Other Market Indicators:
Goodman Group (ASX:GMG) shares reached 5-year highs, rising by 6.30% to 27.01.
S&P/ASX 200 VIX, measuring implied volatility, increased by 9.13% to 12.00, reaching a new one-month high.
Gold Futures for April delivery increased by 0.11% to $2,073.30 per troy ounce.
Crude oil for March delivery rose by 0.54% to $74.22 a barrel, and the April Brent oil contract increased by 0.61% to $79.18 a barrel.
These developments indicate positive market sentiment, with various sectors contributing to the overall growth of the Australian stock market.
