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Australia stocks lower at close of trade; S&P/ASX 200 down 1.18%

2022.05.02 10:50

Australia stocks lower at close of trade; S&P/ASX 200 down 1.18%
Australia stocks lower at close of trade; S&P/ASX 200 down 1.18%

Investing.com – Australia stocks were lower after the close on Monday, as losses in the IT, A-REITs and Telecoms Services sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 declined 1.18%.

The best performers of the session on the S&P/ASX 200 were Pointsbet Holdings Ltd (ASX:PBH), which rose 5.67% or 0.17 points to trade at 3.17 at the close. Meanwhile, Qantas Airways Ltd (ASX:QAN) added 2.86% or 0.16 points to end at 5.76 and Reliance Worldwide Corporation Ltd (ASX:RWC) was up 1.77% or 0.07 points to 4.03 in late trade.

The worst performers of the session were Pro Medicus Ltd (ASX:PME), which fell 7.81% or 3.71 points to trade at 43.77 at the close. Wisetech Global Ltd (ASX:WTC) declined 7.29% or 3.30 points to end at 41.97 and Goodman Group (ASX:GMG) was down 7.17% or 1.72 points to 22.26.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 1178 to 327 and 327 ended unchanged.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 11.95% to 15.74.

Gold Futures for June delivery was down 1.36% or 26.08 to $1,885.62 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.03% or 0.03 to hit $104.66 a barrel, while the July Brent oil contract rose 0.02% or 0.02 to trade at $107.16 a barrel.

AUD/USD was unchanged 0.13% to 0.71, while AUD/JPY rose 0.15% to 91.84.

The US Dollar Index Futures was up 0.28% at 103.25.

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