Jun 16, 2022 03:45AM ET
By: AnalysisWatch
Australian shares tumbled after the closing bell Thursday as weakness in the utilities, industrials and consumer staples sectors led to declines in shares.
The S&P/ASX 200 Index was down 0.15 percent at the close of trading in Sydney, hitting a new 52-week low.
The top performer in the S&P/ASX 200 index was Resolute Mining Ltd. which gained 10.42 percent, or 0.03 points, to finish at 0.26 points. AP Eagers Ltd. gained 5.44% or 0.48 points to finish at 9.30 points, and Appen Ltd. rose 5.10% or 0.26 points to end trading at 5.36 points.
Link Administration Holdings Ltd was the worst performer, falling 10.43%, or 0.39 points, in late trading to close at 3.35 points. Inghams Group Ltd fell 4.44%, or 0.12 points, to 2.58 points, and Sims Metal Management Ltd fell 4.05%, or 0.65 points, to 15.38 points.
On the Sydney Stock Exchange, rising stocks outnumbered falling stocks by a ratio of 877 to 575, while 390 shares remained unchanged.
Shares of Link Administration Holdings Ltd fell to a 52-week low, losing 10.43%, or 0.39 points, to 3.35 points, and shares of Inghams Group Ltd fell to an all-time low, losing 4.44%, or 0.12 points, to 2.58 points.
The S&P/ASX 200 VIX Index, which measures the implied volatility of S&P/ASX 200 options, fell 3.36% to 21.41 points.
The AUD/USD currency pair was unchanged at 0.70 and AUD/JPY fell 0.26% to 93.47.
U.S. dollar index futures rose 0.30% to 105.25.
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