Australia stocks higher at close of trade; S&P/ASX 200 up 2.79%

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At the close in Sydney, the S&P/ASX 200 rose 2.79% to hit a new 3-months high.

The best performers of the session on the S&P/ASX 200 were Zip Co Ltd (ASX:ZIP), which rose 18.40% or 0.12 points to trade at 0.74 at the close. Meanwhile, Megaport Ltd (ASX:MP1) added 13.57% or 0.73 points to end at 6.11 and Netwealth Group Ltd (ASX:NWL) was up 11.67% or 1.45 points to 13.87 in late trade.

The worst performers of the session were Whitehaven Coal Ltd (ASX:WHC), which fell 3.48% or 0.29 points to trade at 8.04 at the close. Origin Energy Ltd (ASX:ORG) declined 3.19% or 0.25 points to end at 7.58 and Computershare Ltd. (ASX:CPU) was down 2.92% or 0.79 points to 26.28.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 988 to 375 and 368 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 1.16% to 16.21.

Gold Futures for December delivery was up 0.56% or 9.85 to $1,763.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 2.60% or 2.25 to hit $88.72 a barrel, while the January Brent oil contract rose 2.55% or 2.39 to trade at $96.06 a barrel.

AUD/USD was unchanged 0.49% to 0.66, while AUD/JPY rose 0.69% to 93.91.

The US Dollar Index Futures was down 0.49% at 107.56.