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Title: Australia stocks lower at close of trade; S&P/ASX 200 down 2.02%

Sep 01, 2022 03:45AM ET

By: AnalysisWatch

Australian stocks fell after Thursday's close of trading as losses in the gold, metals, mining and materials sectors led stocks lower.

At the close of trading in Sydney, the S&P/ASX 200 index lost 2.02% to hit a new one-month low.

Within the S&P/ASX 200, A2 Milk Company Ltd was the best performer, rising 2.70%, or 0.15 points, to close at 5.70 points. Meanwhile, Perenti Global Ltd added 1.92%, or 0.02 points, to end at 0.80 and Polynovo Ltd rose 1.91%, or 0.03 points, to close trading at 1.34.

Pointsbet Holdings Ltd was the worst performer during the session, falling 15.86% or 0.46 points to close trading at 2.44 points. Ramelius Resources Ltd fell 9.26% or 0.08 points to close at 0.74, and Perseus Mining Ltd dropped 8.57% or 0.14 points to close at 1.44.

On the Sydney Stock Exchange, declining shares outnumbered rising ones by a ratio of 941 to 404, and 372 ended unchanged.

Shares of Ramelius Resources Ltd fell to a three-year low, losing 9.26%, or 0.08 points, to 0.74 points.

The S&P/ASX 200 VIX index, which measures the implied volatility of S&P/ASX 200 options, increased 5.00% to 15.91 points.

Gold futures for December delivery fell 0.56%, or 9.70%, to $1,716.50 a troy ounce. Elsewhere in commodities trading, the crude oil contract for October delivery fell 0.86%, or 0.77, to $88.78 per barrel, while the November Brent crude oil contract fell 0.79%, or 0.76, to trade at $94.88 per barrel.

The AUD/USD exchange rate remained unchanged at 0.68, while the AUD/JPY exchange rate rose 0.10% to 95.13.

Futures on the US dollar index rose 0.25% to 108.94.

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