• analysiswatch

Title: Australia stocks lower at close of trade; S&P/ASX 200 down 0.94%


Jun 29, 2022 03:45AM ET


By: AnalysisWatch


Australian stocks fell after the close on Wednesday, with losses in the gold, A-REITs and IT sectors leading shares lower.


At the close of the Sydney session, the S&P/ASX 200 index was down 0.94 percent.


Skycity Entertainment Group Ltd. was the best performing company on the S&P/ASX 200 during the session, rising 3.91% or 0.10 points to close at 2.66. Meanwhile, Star Entertainment Group Ltd. added 3.32%, or 0.09 points, to close at 2.80 and Aurizon Holdings Ltd. rose 3.17%, or 0.12 points, to 3.90 at the close of trade.


The worst performer in the session was Carsales.Com Ltd, which fell 9.55%, or 1.93 points, to trade at 18.25 at the close. Nearmap Ltd fell 8.70% or 0.10 points to 1.05 and Silver Lake Resources Ltd dropped 8.15% or 0.11 points to 1.24.


On the Sydney Stock Exchange, declining shares outnumbered advancing ones by 1,024 to 454, while 368 ended unchanged.


Carsales.Com Ltd shares fell 9.55 percent, or 1.93 points, to 18.25 points, a 52-week low.Shares of Silver Lake Resources Ltd. fell to a 52-week low, dropping 8.15%, or 0.11 to 1.24.


The S&P/ASX 200 VIX Index, which measures the implied volatility of S&P/ASX 200 options, increased 1.14 percent to 18.11.


Gold futures for August delivery fell 0.15 percent, or $2.80, to $1,819.40 an ounce. Elsewhere in commodities trading, crude oil for August delivery fell 0.25 percent, or 0.28, to $111.48 a barrel, while the September Brent crude oil contract fell 0.27 percent, or 0.31, to $113.49 a barrel.


The Australian AUD/USD pair was unchanged at 0.28% to 0.69, while AUD/JPY fell 0.23% to 93.79.


Futures on the US dollar index rose 0.06% to 104.32.

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