Australia stocks higher at close of trade; S&P/ASX 200 up 0.70%

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At the close in Sydney, the S&P/ASX 200 gained 0.70% to hit a new 6-months high.

The best performers of the session on the S&P/ASX 200 were Zip Co Ltd (ASX:Z1P), which rose 9.95% or 1.26 points to trade at 13.92 at the close. Meanwhile, Appen Ltd (ASX:APX) added 7.70% or 1.82 points to end at 25.46 and Sims Metal Management Ltd (ASX:SGM) was up 7.42% or 0.95 points to 13.75 in late trade.

The worst performers of the session were GWA Group Ltd (ASX:GWA), which fell 8.09% or 0.30 points to trade at 3.41 at the close. Kogan.com Ltd (ASX:KGN) declined 5.18% or 0.91 points to end at 16.65 and Pointsbet Holdings Ltd (ASX:PBH) was down 3.46% or 0.61 points to 17.01.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 685 to 685 and 349 ended unchanged.

Shares in Zip Co Ltd (ASX:Z1P) rose to all time highs; gaining 9.95% or 1.26 to 13.92.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 10.76% to 14.047.

Gold Futures for April delivery was down 0.20% or 3.65 to $1819.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.04% or 0.62 to hit $60.09 a barrel, while the April Brent oil contract rose 0.27% or 0.17 to trade at $63.47 a barrel.

AUD/USD was up 0.00% to 0.7779, while AUD/JPY rose 0.14% to 82.08.

The US Dollar Index Futures was down 0.14% at 90.347.