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

At the close in Sydney, the S&P/ASX 200 gained 0.33% to hit a new 1-month high.

The best performers of the session on the S&P/ASX 200 were Netwealth Group Ltd (ASX:NWL), which rose 4.55% or 1.28 points to trade at 29.41 at the close. Meanwhile, Nanosonics Ltd (ASX:NAN) added 4.46% or 0.16 points to end at 3.75 and Hub24 Ltd (ASX:HUB) was up 3.82% or 2.77 points to 75.20 in late trade.

The worst performers of the session were Iluka Resources Ltd (ASX:ILU), which fell 6.95% or 0.37 points to trade at 4.95 at the close. Appen Ltd (ASX:APX) declined 6.34% or 0.17 points to end at 2.51 and Mesoblast Ltd (ASX:MSB) was down 4.18% or 0.12 points to 2.75.

Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 559 to 505 and 472 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 4.69% to 10.11 a new 1-month low.

Gold Futures for February delivery was up 0.36% or 9.80 to $2,769.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.08% or 0.06 to hit $75.77 a barrel, while the March Brent oil contract rose 0.03% or 0.02 to trade at $79.31 a barrel.

AUD/USD was unchanged 0.19% to 0.63, while AUD/JPY rose 0.10% to 97.65.

The US Dollar Index Futures was up 0.06% at 107.93.

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