Australia stocks higher at close of trade; S&P/ASX 200 up 1.15%

Australia stocks were higher after the close on Tuesday, as gains in the Gold, Consumer Staples and Consumer Discretionary sectors led shares higher.

At the close in Australia, the S&P/ASX 200 rose 1.15% to hit a new 1-month high.

The best performers of the session on the S&P/ASX 200 were Bega Cheese Ltd (AX:BGA), which rose 13.57% or 0.870 points to trade at 7.280 at the close. Meanwhile, Monadelphous Group Ltd (AX:MND) added 10.60% or 0.650 points to end at 6.780 and Corp Trav F (AX:CTD) was up 5.93% or 0.750 points to 13.400 in late trade.

The worst performers of the session were Beach Energy Ltd (AX:BPT), which fell 9.43% or 0.050 points to trade at 0.480 at the close. Duet Group (AX:DUE) declined 2.98% or 0.070 points to end at 2.280 and Ten Network Holdings Ltd (AX:TEN) was down 2.94% or 0.005 points to 0.170.

Rising stocks outnumbered declining ones on the Australia Stock Exchange by 575 to 384 and 138 ended unchanged.

Shares in Bega Cheese Ltd (AX:BGA) rose to all time highs; rising 13.57% or 0.870 to 7.280. Shares in Corp Trav F (AX:CTD) rose to all time highs; up 5.93% or 0.750 to 13.400.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 5.73% to 16.326

Gold for February delivery was up 0.46% or 4.90 to $1073.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.37% or 0.14 to hit $36.95 a barrel, while the February Brent oil contract rose 0.44% or 0.16 to trade at $36.70 a barrel

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AUD/USD was up 0.22% to 0.7266, while AUD/JPY rose 0.21% to 87.47.

The US Dollar Index was down 0.01% at 97.98.

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