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Title: Australia stocks lower at close of trade; S&P/ASX 200 down 1.76%

Jun 17, 2022 03:45AM ET

By: AnalysisWatch

Australian stocks fell after the close on Friday, with losses in the metals and mining, materials and resources sectors leading shares lower.

At the close of the Sydney session, the S&P/ASX 200 index was down 1.76 percent, setting a new 52-week low.

The best performers during the session on the S&P/ASX 200 were EML Payments Ltd, which rose 9.43%, or 0.13 points, to close at 1.45.

Meanwhile, Carsales.Com Ltd added 8.08% or 1.49 points to close at 19.92 points and West Gold Resources Ltd rose 7.29% or 0.09 points to close at 1.33 points in late trade.

The worst performer during the session was GUD Holdings Ltd, which dropped 19.56% or 1.88 points to trade at 7.73 at the close.

Hub24 Ltd fell 7.46% or 1.45 points to 18.00, and Harvey Norman Holdings Ltd dropped 6.58% or 0.25 points to 3.55.

On the Sydney Stock Exchange, declining shares outnumbered risers by 1,000 to 471, while 367 ended unchanged.

GUD Holdings Ltd. shares fell to a 52-week low, dropping 19.56 percent, or 1.88 points, to 7.73 points.

Hub24 Ltd. shares fell 7.46 percent, or 1.45 to 18.00, to a 52-week low. Harvey Norman Holdings Ltd. shares fell 6.58 percent, or 0.25 to 3.55, to a 52-week low.

The S&P/ASX 200 VIX Index, which measures the implied volatility of S&P/ASX 200 options, increased 10.47 percent to 23.65, a new 52-week high.

Gold futures for August delivery rose 0.10%, or 1.80%, to $1,851.70 an ounce. Elsewhere in commodities trading, crude oil for July delivery rose 0.61%, or $0.72, to $118.31 a barrel, while the August Brent contract rose 0.58%, or $0.69 a barrel.

The AUD/USD ratio fell 0.75% to 0.70, while AUD/JPY rose 0.69% to 93.79.

Futures on the US dollar index rose 0.59% to 104.03.

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