Title: Australia stocks lower at close of trade; S&P/ASX 200 down 1.18%

May 02, 2022 03:45AM ET

By: AnalysisWatch

Australian shares were down after the close on Monday, as losses in the IT, A-REITs and telecom services sectors led stocks lower.

At the close of trading in Sydney, the S & P/ASX 200 was down 1.18%.

Among the best performers on the S&P/ASX 200 were shares of Pointsbet Holdings Ltd., which rose 5.67%, or 0.17 points, to close at 3.17. In late trading, Qantas Airways Ltd gained 2.86%, or 0.16 points, to close at 5.76, while Reliance Worldwide Corporation Ltd added 1.77%, or 0.07 points, to 4.03 in late trading.

Pro Medicus Ltd was the worst performer, falling 7.81% or 3.71 points to close at 43.77 in late trade. 7.29%, or 3.30 points, to close at 41.97, and Goodman Group dropped 7.17%, or 1.72 points, to 22.26.

On the Sydney Stock Exchange, falling stocks outweighed rising ones by 1178 to 327, and 327 ended unchanged.

The S&P/ASX 200 VIX, which measures implied volatility of S&P/ASX 200 options, increased 11.95% to 15.74.

Gold futures for June delivery fell 1.36%, or 26.08, to $1,885.62 per troy ounce. Elsewhere in commodities trading, crude oil for June delivery fell 0.03%, or 0.03, to $104.66 a barrel, while the July Brent oil contract rose 0.02%, or 0.02, to $107.16 a barrel.

The AUD/USD rate remained unchanged at 0.13% to 0.71, while the AUD/JPY rate rose 0.15% to 91.84.

Futures on the US dollar index rose 0.28% to 103.25.