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Stock Market: Australia Stocks End with Further Increase

On Friday, Australia stocks further increased at a close of trade. This is along with the Energy, Utilities and IT sector’s gains which led the shares higher.

During the Sydney close, the S&P/ASX 200 made a 0.79% addition to hit a high for five years. Moreover, Wisetech Global, Aurizon Holdings Ltd, and Sigma Pharmaceuticals Ltd were the session’s best performers on the S&P/ASX 200. The Wisetech Global gained 4.16% or 0.690 points to trade at the close with 17.290.  Then, the Aurizon Holdings Ltd made a 3.23% additional or 0.150 points to make a 4.590 end. Lastly, Sigma Pharmaceuticals Ltd rose to 3.23% or 0.015 points to make a 0.480 close.

Meanwhile, St Barbara Ltd, Sandfire Resources NL, and AMP Ltd were the session’s worst session. The St Barbara Ltd declined to 11.24% or 0.560 points to trade at the close with 4.420. Then, Sandfire Resources NL dropped 7.87% or 0.700 points to make an 8.200 end. Lastly, AMP Ltd fell 5.17% or 0.180 points to make a 3.300 close.

FinanceBrokerage - Stock Market Asian Stocks Mixed on Friday trade
Asian stocks mixed on Friday trade ahead of the report on second-quarter of U.S. GDP

The increasing stocks outnumbered those declining ones on the Sydney Stock Exchange with 765 to 453 and ended at 378.

Meanwhile, AMP Ltd’s shares dropped to lows for five years. It dropped 5.17% or 0.180 to 3.300.

The S&P/ASX 200 VIX declined to 2.78% to 11.930 hitting new low for a month.

The August delivery for Gold Futures made a 0.17% drop or 2.10 low to 2.78% to 11.930 per troy ounce. On one hand, for the commodities trading, the September delivery for crude oil gained 0.04% or 0.03 to hit $69.64 per barrel. The Brent oil contract for September, on the other hand, made an increase of 0.01% or 0.01 to trade at $74.55 per barrel. The AUD/USD went up to 0.15% to 0.7389 while made an increase of 0.05% to 82.09. However, the US Dollar Index Futures declined to 0.05% at 94.52.

Stock Market: Asian Stocks Mixed on Friday trade

STOCK MARKET – In the afternoon trade on Friday, the Asian stocks were mixed. This happened before the report on second-quarter of U.S. GDP that was due later that day.

Meanwhile, Facebook’s CFO reported a second quarter’s revenue and warned a slowdown in revenue growth. Consequently, this affected the technology stocks. The social media platform’s shares jumped as much as 20%. This was the largest recorded loss of value in a day for a traded company in the United States.

China’s Shanghai Composite and the SZSE Component declined 0.1% and 0.2% respectively. However, China’s industrial profit for June increased from 20% to 658.29 billion yuan ($96.69 billion). This was according to the National Bureau of Statistics (NBS) on Friday.



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