Australia stocks higher at close of trade; S&P/ASX 200 up 0.26%

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At the close in Sydney, the S&P/ASX 200 added 0.26% to hit a new 1-month high.

The best performers of the session on the S&P/ASX 200 were Zip Co Ltd (ASX:ZIP), which rose 19.88% or 0.17 points to trade at 1.02 at the close. Meanwhile, Nanosonics Ltd (ASX:NAN) added 6.57% or 0.28 points to end at 4.54 and Whitehaven Coal Ltd (ASX:WHC) was up 6.40% or 0.39 points to 6.48 in late trade.

The worst performers of the session were Iress Ltd (ASX:IRE), which fell 6.55% or 0.77 points to trade at 10.98 at the close. Flight Centre Ltd (ASX:FLT) declined 5.62% or 0.99 points to end at 16.63 and Resolute Mining Ltd (ASX:RSG) was down 5.45% or 0.02 points to 0.26.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 660 to 657 and 367 ended unchanged.

Shares in Whitehaven Coal Ltd (ASX:WHC) rose to 5-year highs; up 6.40% or 0.39 to 6.48.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 2.03% to 16.25 a new 1-month low.

Gold Futures for August delivery was up 0.28% or 4.75 to $1,723.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.99% or 1.92 to hit $98.62 a barrel, while the October Brent oil contract rose 2.02% or 2.02 to trade at $102.21 a barrel.

AUD/USD was unchanged 0.24% to 0.70, while AUD/JPY rose 0.24% to 95.25.

The US Dollar Index Futures was down 0.04% at 106.32.