Title : Australia stocks lower at close of trade; S&P/ASX 200 down 1.42%

Sep 07, 2022 03:45AM ET

By:AnalysisWatch

Australian stocks were lower after Wednesday's close as losses in the energy, resources, and metals and mining sectors sent shares lower.

At the close in Sydney, the S&P/ASX 200 lost 1.42% and hit a new one-month low.

Nuix Ltd. was the best-performing stock on the S&P/ASX 200 during the session, rising 6.11%, or 0.04 points, to close at 0.69. Meanwhile, Resmed Inc DRC rose 4.23%, or 1.36 points, to 33.51 in late trading, while Appen Ltd rose 3.59%, or 0.13 points, to 3.75.

The worst performers of the session were Insignia Financial Ltd, which fell 7.10%, or 0.24 points, to trade at 3.14 at the close. Viva Energy Group Ltd was down 7.07%, or 0.21 points, to end at 2.76 and Beach Energy Ltd was down 5.11%, or 0.09 points, to 1.67.

Falling stocks outnumbered advancers on the Sydney Stock Exchange by 841 to 496, and 378 ended unchanged.

The S&P/ASX 200 VIX, which measures implied volatility of S&P/ASX 200 options, increased 8.85% to 16.52, setting a new one-month high.

Gold futures for December delivery were down 0.15% or 2.65 to $1,710.25 a troy ounce. In commodities, crude oil for October delivery fell by 1.16%, or 1.01, to settle at $85.87 a barrel, while the Brent crude oil contract for November fell by 1.03%, or 0.96, to trade at $91.87 a barrel.

The AUD/USD exchange rate was unchanged at 0.67, while the AUD/JPY rate rose 0.62% to 96.76.

The dollar index futures rose 0.20% to 110.43.