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Title: Australia stocks lower at close of trade; S&P/ASX 200 down 0.80%

Jun 02, 2022 03:45AM ET

By: AnalysisWatch

Australia stocks were lower after the close on Thursday, as losses in the IT, Healthcare and Telecoms the services sector drove stocks lower.

The S&P/ASX 200 was down 0.80% at the close of trading in Sydney.

The best performers of the S&P/ASX 200 in the session were shares in Woodside Energy Ltd (ASX:WDS), which rose 5.17% or 1.56 points to trade at 31.75 at the close. Meanwhile, Tabcorp Holdings Ltd (ASX:TAH) added 4.97% or 0.05 points to hit 0.95, while IGO Ltd (ASX:IGO) rose 3.94% or 0.44 points to 11.60 at the close of trading.

Shares in Megaport Ltd (ASX:MP1) were the worst performers of the session, falling 6.04% or 0.42 points to close at 6.53. Polynovo Ltd (ASX:PNV) fell 5.86% or 0.07 points to 1.13 and Carsales.Com Ltd (ASX:CAR) fell 5.61% or 1.15 points to 19.36.

On the Sydney Stock Exchange, falling shares prevailed over rising 909 against 480, while 401 shares remained unchanged.

Megaport Ltd (ASX:MP1) shares fell to 52-week lows, losing 6.04% or 0.42 points to 6.53.

The S&P/ASX 200 VIX index, which measures implied volatility of S&P/ASX 200 options, rose 4.34% to 14.98.

Gold futures for August delivery rose 0.34% or 6.30 to $1,855.00 per troy ounce. In commodities markets, crude for July delivery fell 1.93% or 2.23 to $113.03 a barrel and August Brent contract fell 1.81% or 2.10 to $114.19 a barrel.

AUD/USD was unchanged by 0.15% to 0.72 and AUD/JPY fell 0.03% to 93.30.

The US Dollar Index futures were down 0.28% to 102.25.

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