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

Apr 06, 2022 03:45AM ET

By: AnalysisWatch

Australian shares fell after the close on Wednesday as losses in the gold, information technology, and metals and mining sectors led stocks lower.

At the close of trading in Sydney, the S&P/ASX 200 index was down 0.50 percent.

The best performer on the S&P/ASX 200 was Whitehaven Coal Ltd, which rose 5.53%, or 0.23 points, to close at 4.39.Meanwhile, Omni Bridgeway Ltd added 5.29%, or 0.18 points, to close at 3.58, and Polynovo Ltd rose 4.63%, or 0.05 points, to close trading at 1.13.

Magellan Financial Group Ltd was the session's worst performer, falling 5.96%, or 0.98 points, to close at 15.47.Lynas Rare Earths Ltd closed at 10.10, down 5.96% or 0.64 points.Nickel Mines Ltd fell 5.70%, or 0.08 points, to close at 1.24.

On the Sydney Stock Exchange, declining stocks outnumbered rising ones by a ratio of 924 to 542, and 363 ended unchanged.

The S&P/ASX 200 VIX index, which measures implied volatility of S&P/ASX 200 options, increased 11.64% to 12.54 points.

Gold futures contracts for June delivery fell 0.42%, or $8.00, to $1,919.50 per troy ounce.

Elsewhere in commodities trading, crude oil for May delivery rose 0.77%, or 0.79, to trade at $102.75 per barrel, while the June Brent crude oil contract rose 0.89%, or 0.95, to trade at $107.59 per barrel.

The AUD/USD exchange rate remained unchanged at 0.76, while the AUD/JPY exchange rate rose 0.33% to 93.99.

Futures on the US dollar index increased 0.19% to 99.62.

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