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Title: Australia stocks lower at close of trade; S&P/ASX 200 down 0.73%


Mar 15, 2022 03:45AM ET


By: AnalysisWatch


Australian stocks fell after the close on Tuesday as losses in the metals and mining, resources, and materials sectors led shares to lower.


At the close of trading in Sydney, the S&P/ASX 200 index was down 0.73%.


Within the S&P/ASX 200 index, Clinuvel Pharmaceuticals Ltd. was the best performer, rising 6.76%, or 1.30 points, to close the session trading at 20.53 points. Meanwhile, Janus Henderson Group PLC (DRC) added 4.56%, or 2.04 points, to end at 46.79 points and Omni Bridgeway Ltd rose 3.99%, or 0.13 points, to close trading at 3.39 points.


Champion Iron Ltd was the worst performer during the session, falling 9.36% or 0.66 points to trade at 6.39 points at the close of trade. Zip Co. Ltd. dropped 9.32%, or 0.15 points, to close at 1.41 and Lynas Rare Earths Ltd. fell 8.29%, or 0.85 points, to close at 9.40.


On the Sydney Stock Exchange, declining shares outnumbered rising ones by 951 to 428, and 373 ended unchanged.


Shares of Zip Co Ltd fell to a 52-week low, down 9.32% or 0.15 points, to 1.41 points.


The S& P/ASX 200 VIX index, which measures the implied volatility of S& P/ASX 200 options, increased 3.90% to 19.97 points.


Gold futures for April delivery fell 1.27%, or 24.90%, to $1,935.90 a troy ounce.


Elsewhere in commodities trading, the crude oil contract for April delivery fell 5.29%, or 5.45%, to $97.56 per barrel, while the May Brent crude oil contract fell 5.46%, or 5.84%, to trade at $101.06 per barrel.


The Australian Dollar exchange rate remained unchanged at 0.08% to 0.72, while the Australian Pound exchange rate fell 0.12% to 84.84.


Futures on the US dollar index fell 0.38% to 98.65.

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