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At the close in Sydney, the S&P/ASX 200 gained 0.95%.
The best performers of the session on the S&P/ASX 200 were Pointsbet Holdings Ltd (ASX:PBH), which rose 9.92% or 0.66 points to trade at 7.31 at the close. Meanwhile, Zip Co Ltd (ASX:Z1P) added 9.91% or 0.43 points to end at 4.77 and Polynovo Ltd (ASX:PNV) was up 7.66% or 0.105 points to 1.475 in late trade.
The worst performers of the session were Magellan Financial Group Ltd (ASX:MFG), which fell 6.37% or 1.98 points to trade at 29.10 at the close. Nickel Mines Ltd (ASX:NIC) declined 4.30% or 0.060 points to end at 1.335 and Lynas Rare Earths Ltd (ASX:LYC) was down 3.15% or 0.290 points to 8.910.
Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 859 to 546 and 384 ended unchanged.
Shares in Magellan Financial Group Ltd (ASX:MFG) fell to 52-week lows; losing 6.37% or 1.98 to 29.10.
The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 10.16% to 13.280.
Gold Futures for February delivery was up 0.25% or 4.40 to $1783.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.70% or 1.18 to hit $70.67 a barrel, while the February Brent oil contract rose 1.53% or 1.12 to trade at $74.20 a barrel.
AUD/USD was up 0.55% to 0.7088, while AUD/JPY rose 0.67% to 80.51.
The US Dollar Index Futures was down 0.14% at 96.198.
