Australian stocks finished higher on Tuesday, buoyed by gains in the Gold, Consumer Discretionary, and IT sectors.
At the close in Sydney, the S&P/ASX 200 rose by 0.34%.
Leading the gains in the S&P/ASX 200 were Zip Co Ltd (ASX:ZIP), which surged 11.83%, or 0.33 points, to close at 3.12. Premier Investments Ltd (ASX:PMV) followed with a 9.91% increase, adding 3.06 points to finish at 33.94, while Mineral Resources Ltd (ASX:MIN) was up 7.15%, gaining 2.47 points to reach 37.00.
On the other hand, the worst performers included Resmed Inc DRC (ASX:RMD), which dropped 2.97%, or 1.16 points, to close at 37.91. Perenti Global Ltd (ASX:PRN) fell 2.50%, down 0.03 points to finish at 1.17, and Seek Ltd (ASX:SEK) declined 2.67%, losing 0.68 points to end at 24.76.
Overall, declining stocks outnumbered advancing ones on the Sydney Stock Exchange, with 574 declines compared to 512 advances, while 438 stocks closed unchanged.
Zip Co Ltd (ASX:ZIP) achieved a 52-week high with its 11.83% gain, while Resmed Inc DRC (ASX:RMD) hit a 3-year low with its 2.97% decline.
The S&P/ASX 200 VIX, which tracks the implied volatility of S&P/ASX 200 options, decreased by 4.45% to 11.87.
In the commodities market, December Gold Futures rose 0.37% or 10.20, reaching $2,766.10 per troy ounce. Crude oil for December delivery saw a slight increase of 0.01%, or 0.01, to $67.39 a barrel, while the January Brent oil contract remained steady at $71.00 a barrel.
AUD/USD remained steady at 0.66, with no change of 0.24%, while AUD/JPY decreased by 0.53% to 100.38.
The US Dollar Index Futures dipped by 0.03%, settling at 104.15.
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