Title: Australia stocks lower at close of trade; S&P/ASX 200 down 1.02%
Feb 18, 2022 02:45PM ET
Australian shares traded lower after the close on Friday as losses in the utilities, healthcare, and IT sectors led stocks to lower.
At the close in Sydney, the S & P/ASX 200 was down 1.02%.
Magellan Financial Group Ltd. was the best performer on the S & P/ASX 200, rising 18.45%, or 3.38 points, to close at 21.70. NRW Holdings Ltd gained 6.53%, or 0.13 points, to close at 2.12, while Netwealth Group Ltd rose 5.71%, or 0.76 points, to 14.06 in late trade.
Qbe Insurance Group Ltd was the worst performer, falling 8.70% or 1.100 points to close at 11.550. Origin Energy Ltd fell 8.28%, or 0.510 points, to close at 5.650, while Incitec Pivot Ltd dropped 6.13%, or 0.200 points, to close at 3.060.
On the Sydney Stock Exchange, falling shares outweighed rising ones by 795 to 592, with 424 ending unchanged.
The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, increased 8.45% to 16.598.
Gold futures for April delivery fell 0.42%, or 7.90, to $1894.10 per troy ounce. Elsewhere in commodity trading, crude oil for March delivery fell 0.89%, or 0.82, to $90.94 a barrel, while the April contract for Brent crude fell 0.82%, or 0.76, to $92.21 a barrel.
The AUD/USD rose 0.39% to 0.7211, while the AUD/JPY gained 0.56% to 83.01.
Futures on the US dollar index fell 0.06% to 95.743.