S&P/ASX 200 index up 0.22 percent at closing of trading in Australia.

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After the closing on Tuesday, Australian equities were higher, thanks to increases in the Telecoms Services, A-REITs, and Consumer Staples sectors.

The S&P/ASX 200 gained 0.22 percent at the close in Sydney. Collins Foods Ltd (ASX: CKF), which surged 12.62 percent or 1.58 points to settle at 14.10 on the S&P/ASX 200, was the best performance of the session.

Credit Corp Group Ltd (ASX: CCP) rose 8.57 percent or 2.59 points to 32.80 in late afternoon, while Omni Bridgeway Ltd (ASX: OBL) up 6.56 percent or 0.20 points to 3.25.

Nuix Ltd (ASX: NXL) was the worst performer of the session, down 11.72 percent or 0.30 points to close at 2.26. Westgold Resources Ltd (ASX: WGX) down 4.27 percent or 0.090 points to 2.020, while Resolute Mining Ltd (ASX: RSG) fell 6.58 percent or 0.025 points to 0.355.

On the Sydney Stock Exchange, rising equities outweighed decreasing ones 930 to 490, with 388 remaining unchanged. Collins Foods Ltd (ASX: CKF) shares hit new highs, rising 12.62 percent or 1.58 percent to 14.10.

Resolute Mining Ltd (ASX: RSG) shares slid 6.58 percent, or 0.025, to 0.355, a five-year low. The implied volatility of S&P/ASX 200 options, measured by the S&P/ASX 200 VIX, fell 6.81 percent to 14. 377.

Gold futures for February delivery rose 9.45 percent to $1794.65 a troy ounce, up 0.53 percent. In other commodities trading, January crude oil slid 2.70 percent, or 1.89, to $68.06 a barrel, while the February Brent oil contract fell 2.88 percent, or 2.11, to $71.11 a barrel.

The Australian dollar declined 0.34 percent to 0.7116, while the Australian dollar fell 0.72 percent to 80.46At 95.990, the US Dollar Index Futures were down 0.36 percent.

Story by : Norvisi Mawunyegah