Australian stocks closed higher on Thursday, with the S&P/ASX 200 gaining 1.38%, led by strong performances in the Financials, A-REITs, and Gold sectors. Top performers included Zip Co Ltd, up 9.61%, Corporate Travel Management Ltd, rising 6.84%, and Tabcorp Holdings Ltd, which gained 5.93%. Conversely, Pointsbet Holdings Ltd, Domino’s Pizza Enterprises Ltd, and Sims Metal Management Ltd were the session’s worst performers, posting modest declines.
Gold prices rose 0.28% to $2,725.49 per ounce, while crude oil and Brent oil prices also edged up slightly. The AUD/USD remained stable at 0.62, but the AUD/JPY fell 0.72% to 96.74. The US Dollar Index Futures inched up 0.09% to 109.01, reflecting cautious sentiment in currency markets.