Australian equities closed the trading session in positive territory on Tuesday, with sector gains concentrated in Consumer Staples, Telecoms Services and Healthcare pushing the benchmark higher.
At the close in Sydney, the S&P/ASX 200 rose 1.17%.
Among individual movers on the S&P/ASX 200, Tuas Ltd (ASX:TUA) led the advance, jumping 18.06% or 0.41 points to finish at 2.68. ALS Ltd (ASX:ALQ) also posted notable strength, adding 5.73% or 1.25 points to end the session at 23.08. Stanmore Coal (ASX:SMR) was higher by 5.51% or 0.13 points, closing at 2.49.
Not all names participated in the rally. DroneShield Ltd (ASX:DRO) fell 6.07% or 0.19 points to 2.94 at the close. Liontown Resources Ltd (ASX:LTR) slipped 4.31% or 0.10 points to finish at 2.22, and Lynas Rare Earths Ltd (ASX:LYC) declined 4.28% or 0.81 points to end the day at 18.12.
Market breadth in Sydney was narrowly positive: 577 stocks gained while 550 retreated and 407 were unchanged.
Investor sentiment toward volatility eased as the S&P/ASX 200 VIX, a gauge of implied volatility for S&P/ASX 200 options, fell 5.66% to 13.43.
Commodities traded lower on the session. June Gold Futures fell 0.17% or 7.70 to $4,550.30 a troy ounce. In energy markets, July delivery of crude oil declined 0.79% or 0.82 to $103.56 a barrel, while the July Brent contract fell 1.56% or 1.75 to $110.35 a barrel.
Currency moves were modest. AUD/USD was effectively unchanged, recorded at 0.71 with a 0.45% figure reported, and AUD/JPY moved down 0.38% to 113.45. The US Dollar Index Futures eased 0.09% to 99.02.
Market participants will note the session's mix: sector-led gains supported the index, yet several resource and defence-related stocks moved lower. Measures of volatility declined while several commodity prices and the Australian dollar showed modest weakness.