Australia stocks higher at close of trade; S&P/ASX 200 up 1.31%

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At the close in Sydney, the S&P/ASX 200 added 1.31%.

The best performers of the session on the S&P/ASX 200 were Stockland Corporation Ltd (ASX:SGP), which rose 10.32% or 0.290 points to trade at 3.100 at the close. Meanwhile, Sydney Airport Holdings Ltd (ASX:SYD) added 9.48% or 0.550 points to end at 6.350 and Mayne Pharma Group Ltd (ASX:MYX) was up 9.09% or 0.035 points to 0.420 in late trade.

The worst performers of the session were Coca-Cola Amatil Ltd (ASX:CCL), which fell 5.66% or 0.520 points to trade at 8.670 at the close. Platinum Asset Management Ltd (ASX:PTM) declined 5.46% or 0.19 points to end at 3.29 and Netwealth Group Ltd (ASX:NWL) was down 4.89% or 0.39 points to 7.58.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 938 to 352 and 259 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 17.28% to 26.927 a new 1-month low.

Gold Futures for June delivery was down 0.94% or 16.30 to $1715.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 2.21% or 0.44 to hit $19.43 a barrel, while the June Brent oil contract rose 2.37% or 0.66 to trade at $28.48 a barrel.

AUD/USD was up 0.43% to 0.6355, while AUD/JPY rose 0.22% to 68.45.

The US Dollar Index Futures was down 0.17% at 99.925.

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