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Title: Australia stocks lower at close of trade; S&P/ASX 200 down 2.16%


May 06, 2022 03:45AM ET


By: AnalysisWatch


Australian shares dropped after the close on Friday as declines in the IT, A-REITs and gold sectors led stocks lower.


At the close in Sydney, the S & P/ASX 200 fell 2.16%, hitting a new 1-month low.


Among the best performers on the S & P/ASX 200 were Polynovo Ltd., which rose 4.05%, or 0.04 points, to close at 0.90. In late trading, Fisher & Paykel Healthcare Ltd gained 2.27%, or 0.44 points, to close at 19.84, while Coles Group Ltd added 1.03%, or 0.19 points, to 18.67 in late trading.


Xero Ltd was the worst performer, falling 9.07% or 8.63 points to close at 86.57. Virgin Money PLC fell 8.47% or 0.26 points to 2.81 and IDP Education Ltd dropped 8.18% or 2.21 points to 24.80.


On the Sydney Stock Exchange, falling shares outweighed rising ones by 1245 to 274 and 335 ended unchanged.


Shares of Xero Ltd fell to a 52-week low, down 9.07% or 8.63 to 86.57, while shares of Virgin Money PLC fell to a 52-week low, down 8.47% or 0.26 to 2.81.


The S&P/ASX 200 VIX, which measures implied volatility of S&P/ASX 200 options, increased 16.44% to 17.00, a new one-month high.


The AUD/USD rate remained unchanged at 0.53% to 0.71, while the AUD/JPY rate fell 0.29% to 92.27.


The US dollar index futures rose 0.16% to 103.97.

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