© Reuters Australia stocks higher at close of trade; S&P/ASX 200 up 1.11%

Investing.com – Australia stocks were higher after the close on Monday, as gains in the , and sectors led shares higher.

At the close in Sydney, the gained 1.11%.

The best performers of the session on the were Austal Ltd (ASX:), which rose 5.78% or 0.13 points to trade at 2.38 at the close. Meanwhile, Ingenia Communities Group (ASX:) added 5.32% or 0.21 points to end at 4.16 and Mesoblast Ltd (ASX:) was up 5.15% or 0.04 points to 0.71 in late trade.

The worst performers of the session were Magellan Financial Group Ltd (ASX:), which fell 9.92% or 1.29 points to trade at 11.71 at the close. Pointsbet Holdings Ltd (ASX:) declined 6.25% or 0.18 points to end at 2.70 and Skycity Entertainment Group Ltd (ASX:) was down 5.66% or 0.15 points to 2.50.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 910 to 426 and 349 ended unchanged.

Shares in Magellan Financial Group Ltd (ASX:) fell to 5-year lows; down 9.92% or 1.29 to 11.71.

The , which measures the implied volatility of S&P/ASX 200 options, was down 0.10% to 18.95.

Gold Futures for August delivery was up 0.41% or 7.30 to $1,808.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.14% or 0.15 to hit $108.28 a barrel, while the September Brent oil contract fell 0.09% or 0.10 to trade at $111.53 a barrel.

AUD/USD was unchanged 0.62% to 0.69, while AUD/JPY rose 0.80% to 92.86.

The US Dollar Index Futures was down 0.07% at 104.84.

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