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Australia stocks lower at close of trade; S&P/ASX 200 down 0.50%

2022.04.06 11:01

Australia stocks lower at close of trade; S&P/ASX 200 down 0.50%
Australia stocks lower at close of trade; S&P/ASX 200 down 0.50%

Investing.com – Australia stocks were lower after the close on Wednesday, as losses in the Gold, IT and Metals & Mining sectors led shares lower.

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

The best performers of the session on the S&P/ASX 200 were Whitehaven Coal Ltd (ASX:WHC), which rose 5.53% or 0.23 points to trade at 4.39 at the close. Meanwhile, Omni Bridgeway Ltd (ASX:OBL) added 5.29% or 0.18 points to end at 3.58 and Polynovo Ltd (ASX:PNV) was up 4.63% or 0.05 points to 1.13 in late trade.

The worst performers of the session were Magellan Financial Group Ltd (ASX:MFG), which fell 5.96% or 0.98 points to trade at 15.47 at the close. Lynas Rare Earths Ltd (ASX:LYC) declined 5.96% or 0.64 points to end at 10.10 and Nickel Mines Ltd (ASX:NIC) was down 5.70% or 0.08 points to 1.24.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 924 to 542 and 363 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 11.64% to 12.54.

Gold Futures for June delivery was down 0.42% or 8.00 to $1,919.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.77% or 0.79 to hit $102.75 a barrel, while the June Brent oil contract rose 0.89% or 0.95 to trade at $107.59 a barrel.

AUD/USD was unchanged 0.11% to 0.76, while AUD/JPY rose 0.33% to 93.99.

The US Dollar Index Futures was up 0.19% at 99.62.

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