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Title: Australia stocks lower at close of trade; S&P/ASX 200 down 0.98%

May 10, 2022 03:45AM ET

By: AnalysisWatch

Australian shares were down after the close on Tuesday as losses in the gold, metals and mining, and commodities sectors led stocks lower.

At the close in Sydney, the S & P/ASX 200 fell 0.98%, hitting a new 1-month low.

Polynovo Ltd. was the best performer in the S & P/ASX 200 during the session, rising 15.59%, or 0.15 point, to close at 1.08. 8.11%, or 0.40 point, to close at 5.33, while Iress Ltd. rose 5.66%, or 0.60 point, to 11.20 in late trading.

AUB Group Ltd was the worst performer, falling 9.90% or 2.17 points to close at 19.73 in late trade. Alumina Ltd dropped 4.30% or 0.08 points to close at 1.67 and Beach Energy Ltd fell 3.88% or 0.07 points to 1.61.

On the Sydney Stock Exchange, falling stocks outweighed rising ones by 1134 to 406, and 347 closed unchanged.

The S&P/ASX 200 VIX, which measures implied volatility of S&P/ASX 200 options, increased 10.32% to 21.41, a new 3-month high.

Gold futures for June delivery rose 0.16%, or 2.97, to $1,861.57 a troy ounce. Elsewhere in commodity trading, crude oil for June delivery rose 0.37%, or 0.38, to $103.47 a barrel, while the July Brent oil contract gained 0.24%, or 0.25, to $106.19 a barrel.

The AUD/USD was unchanged at 0.70, while the AUD/JPY rose 0.07% to 90.65.

Futures on the US dollar index fell 0.04% to 103.65.

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