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Title: Australia stocks lower at close of trade; S&P/ASX 200 down 0.68%

Jul 15, 2022 03:45AM ET

By: AnalysisWatch

Australian stocks fell after the close on Friday, with losses in the metals and mining, materials and resources sectors leading shares lower.

At the close of the Sydney session, the S&P/ASX 200 index was down 0.68 percent.

The best-performing stock on the S&P/ASX 200 during the session was Zip Co Ltd, which rose 5.56%, or 0.03 points, to close at 0.57.

Meanwhile, Wisetech Global Ltd added 3.42%, or 1.46 points, to end at 44.13, and Metcash Ltd rose 2.66%, or 0.11 points, to close at 4.25 in late trade.

The worst performer during the session was Pendal Group Ltd., which fell 7.84%, or 0.32 points, to trade at 3.76 at the close.

Mineral Resources Ltd fell 7.53%, or 3.53 points, to 43.38 points, and MPO Ltd dropped 7.14%, or 0.71 points, to 9.24 points.

On the Sydney Stock Exchange, declining shares outnumbered advancing ones by 686 to 573, while 391 ended unchanged.

Pendal Group Ltd. shares fell 7.84 percent, or 0.32 points, to 3.76 points, a 52-week low.

The S&P/ASX 200 VIX Index, which measures implied volatility of S&P/ASX 200 options, increased 1.24 percent to 17.87.

Gold futures for August delivery fell 0.24 percent, or $4.15 per ounce, to $1,701.65. Elsewhere in commodities trading, crude oil for August delivery rose 0.05%, or $0.05, to $95.83 a barrel, while the September Brent contract rose 0.49%, or $0.49 a barrel.

The AUD/USD rate was unchanged at 0.67, while the AUD/JPY rate fell 0.19% to 93.54.

108.36. US dollar index futures fell 0.04% to 108.36.

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