Australia stocks higher at close of trade; S&P/ASX 200 up 0.50%

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At the close in Sydney, the S&P/ASX 200 rose 0.50%.

The best performers of the session on the S&P/ASX 200 were Platinum Asset Management Ltd (ASX:PTM), which rose 6.11% or 0.08 points to trade at 1.39 at the close. Meanwhile, Magellan Financial Group Ltd (ASX:MFG) added 4.40% or 0.40 points to end at 9.49 and Link Administration Holdings Ltd (ASX:LNK) was up 3.89% or 0.05 points to 1.33 in late trade.

The worst performers of the session were Sims Metal Management Ltd (ASX:SGM), which fell 10.63% or 1.64 points to trade at 13.79 at the close. Megaport Ltd (ASX:MP1) declined 8.59% or 1.01 points to end at 10.75 and Kogan.com Ltd (ASX:KGN) was down 6.19% or 0.34 points to 5.15.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 712 to 547 and 409 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 6.23% to 11.45.

Gold Futures for December delivery was up 0.45% or 8.65 to $1,951.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 0.19% or 0.17 to hit $87.34 a barrel, while the November Brent oil contract rose 0.11% or 0.10 to trade at $90.75 a barrel.

AUD/USD was up 1.05% to 0.64, while AUD/JPY rose 0.19% to 94.09.

The US Dollar Index Futures was down 0.47% at 104.22.